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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 retailer that concentrates on selling one particular type of good.






2. Development which can be done without harming the environment or natural resources.






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






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






5. 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.






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






7. Organization for Economic Cooperation and Development






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






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






10. Machine for processing sales - giving change in a shop or restaurant.






11. An individual or company buying from someone.






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






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






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






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






16. The way in which a company is controlled.






17. Sets of specific restraints imposed by governments on international trade.






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






19. A period of decline in economic activity.






20. 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.






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






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






23. When a small number of companies control a certain market.






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






25. The total sum of goods and services in demand.






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






27. System in which good or services are exchanged for other goods or services rather than cash.






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






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






30. The sum of money invested in new or additional equipment.






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






32. A shop or store.






33. When a company reduces their output during a recession they have excess or idle capacity.






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






35. Volunteer organization for young - disadvantaged Americans.






36. A period of economic expansion.






37. A small owner-operated store serving a local community.






38. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






39. The violation of a law or right.






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






41. Regular fluctuations in overall economic activity over time.






42. Patterns of relationships between different groups of society.






43. The resources used to produce goods and services - including land - labour - business and capital.






44. Multiple retail units under common ownership.






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






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






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






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






49. A retail outlet.






50. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.