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






2. Process of communicating back and forth until an agreement has been reached.






3. The balance between interest rates and the demand for money.






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






5. A financial instrument that facilitates payment from one currency to another.






6. Central Business District - the largest retail and office area of a city - also known as downtown






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






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






9. When governments try to stabilize economic activities by funding major projects from budget deficits.






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






11. Refers to the number of distinct goods or services a retailer offers.






12. A period of very high economic activity.






13. Usually software where the source code is made freely available for all users to change as they see fit.






14. A minimum income level below which people are officially poor.






15. Obstacles to international trade other than tariffs.






16. A voluntary sector or charity sector organization.






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






18. The skills and knowledge needed to start and run a company.






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






20. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






21. 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.






22. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






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






24. A large retail unit selling a wide variety of goods in separate departments.






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






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






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






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






29. A range of many things or people that are very different from each other.






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






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






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






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






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






35. The difference between merchandise costs and retail selling price.






36. Organization for Economic Cooperation and Development






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






38. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






39. Multiple retail units under common ownership.






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






41. The support of a cause.






42. The money a state earns via taxation.






43. The rate of interest at which US banks lend money to their best corporate customers.






44. Something that is bought without being planned for.






45. Patterns of relationships between different groups of society.






46. A period of economic expansion.






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






48. Goods bought and used by companies - such as machines. Also known as capital goods.






49. American Federation of Labour / Association of Industrial Organizations






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