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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. 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.






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






3. The violation of a law or right.






4. When a price has been cut.






5. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.






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






7. Multiple retail units under common ownership.






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






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






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






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






12. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.






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






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






15. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






16. The hub of retailing in a city - where the most office buildings and retail stores are.






17. When the amount borrowed to pay for a home is now more than the property is actually worth.






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






19. Regular fluctuations in overall economic activity over time.






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






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






22. A government-imposed tax on imports.






23. A person who works for someone else in exchange for payment.






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






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






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






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






28. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






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






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






31. Something which is a copy or imitation.






32. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.






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






34. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






35. A period of shrinking economic activity.






36. An owner of shares or stocks in a company.






37. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






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






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






40. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






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






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






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






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






45. A test or way of measuring something.






46. The different layers within a society e.g. class - income - education.






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






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






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






50. The amount of money a person has left after paying taxes and buying necessities.