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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 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.






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






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






4. The amount of wealth - money - comfort etc that a particular person - group or society has.






5. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






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






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






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






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






10. The legal right of the owner of a work over its control and distribution.






11. A collection of shops under one roof with a shared entrance and food area.






12. A period of shrinking economic activity.






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






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






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






16. A self-service food store with grocery - meat and produce departments.






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






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






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






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






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






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






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






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






25. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






26. A country's exports minus its imports.






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






28. An area of land which has never been built on.






29. A tax imposed on imports by the customs authority of a country.






30. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






31. The total amount of money in circulation in a country.






32. An item which is no longer produced by a manufacturer or sold by a retailer.






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






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






35. Not in my backyard - someone who doesn't want something (like a prison or nuclear reactor) to be built near their home.






36. Someone who does something without being paid for it - e.g. working for a charity.






37. The process of turning raw materials and parts into finished products.






38. The checking - ordering & processing of stock levels.






39. The way in which a company is controlled.






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






41. Regulations that mean permission from the government is required before certain items can be exported.






42. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






43. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






44. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






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






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






47. Volunteer organization for young - disadvantaged Americans.






48. A retail outlet.






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






50. Trade Union Congress.