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Business English Vocab Test

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Something which is a copy or imitation.






2. A way of measuring performance by comparing a company to similar ones.






3. A company's main products - e.g. Opel's core product is cars.






4. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






5. Regular fluctuations in overall economic activity over time.






6. The area of the economy that produces goods and provides services.






7. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






8. Agreement that provided the basis for the formation of the European Union.






9. The buying and selling of government securities by a central bank in order to control the money supply.






10. The percentage of a household's income that is saved.






11. When a private company provides a public service in agreement with a government or council.






12. A card payment system where the cost of goods or services is immediately removed from a bank account.






13. A consultation document that sets out the government's position on a certain issue.






14. Involving the use of natural resources and energy in a way that does not harm the environment.






15. Volunteer organization for young - disadvantaged Americans.






16. Doing something (performing a process) to make a material ready for your requirments.






17. When a customer regularly uses a store they know - like and trust.






18. The system of organizations involved in moving a product from manufacturer to customer.






19. A period of very high economic activity.






20. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.






21. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






22. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






23. An enormous planned shopping centre with hundreds of stores under one roof.






24. real Gross Domestic Product is the level of GDP having been adjusted for inflation.






25. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






26. The purchase of a financial product or other item of value with the hope that it will become more valuable.






27. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






28. A government-imposed tax on imports.






29. An imitation of a product made with the intent to defraud a customer.






30. Business wholly owned by its employees with the emphasis on group decision making.






31. The percentage of people who do not have a job.






32. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






33. An economic sanction that forbids the import of a specific product or all products from a specific country.






34. Exclusive ownership of a property for an indefinite period of time.






35. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






36. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






37. Value of the entire company as expressed by its market capitalization.






38. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






39. Items which a shop has and are available to buy.






40. The way in which a company is controlled.






41. A person or company from whom goods or services are bought.






42. A large - long-term loan taken out to pay for a house.






43. A shop or store.






44. A period of economic expansion.






45. Patterns of relationships between different groups of society.






46. The violation of a law or right.






47. Distribution of anything for use - including time or money.






48. Obstacles to international trade based on customs tariffs.






49. When a price has been cut.






50. A voluntary sector or charity sector organization.