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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. A period of decline in economic activity.






2. Financial aid by the government to an individual or group to support an activity that is in the public interest.






3. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






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






5. The Federal Reserve - the US central banking system.






6. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






7. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






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






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






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






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






12. Connected with society and the way it is organized.






13. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






14. Relating to cities or built up areas - not the countryside.






15. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






16. Items in a store which have not sold for a longer period of time.






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






18. Obstacles to international trade based on customs tariffs.






19. American Federation of Labour / Association of Industrial Organizations






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






21. Consumer goods that have a long life span - e.g. furniture.






22. A voluntary sector or charity sector organization.






23. A medicine which is available without first getting a prescription from a doctor.






24. The customer group a retailer wants to attract and satisfy.






25. A storeroom where items which cannot be put on display are stored.






26. The number of times during a period a business sells its inventory and replaces it.






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






28. Buying currency options that fix exchange rates for a period of time.






29. Machine for processing sales - taking payments - giving change. Also know as a cash register.






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






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






32. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






33. Economic policies designed to support business and help it expand.






34. When the imports into a country exceed the exports going out of a country.






35. Giving people the freedom to decide things and take responsibility for themselves.






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. A shop or store.






38. The money a state earns via taxation.






39. Focusing on a more specific line of products or services in comparison to competitors.






40. Government policies to cool down an economy and prevent inflation during boom periods.






41. Multiple retail units under common ownership.






42. Trade Union Congress.






43. Items sold in a store during a certain period measuring in number of units or value.






44. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






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






47. Hiring an external company to perform tasks for a company and reduce costs.






48. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






49. Confederation of British Industry






50. An extremely adverse environmental condition.