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






2. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






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






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






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






6. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






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






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






9. Regular fluctuations in overall economic activity over time.






10. Patterns of relationships between different groups of society.






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






12. A test or way of measuring something.






13. A period of very high economic activity.






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






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






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






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






18. Items which a shop has and are available to buy.






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






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






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






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






23. A shop or store.






24. American Federation of Labour / Association of Industrial Organizations






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






26. The total sum of a nation's outstanding debt.






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






28. When the exports a country makes exceed the imports.






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






30. Products that can hold their own against rival products in terms of price - features or quality.






31. A reduction in the selling price of an item in order to increase sales.






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






33. A sign or symbol used by a company such as the Nike swish logo which is protected by law.






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






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






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






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






38. The support of a cause.






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






40. The right to live in a home on a long-term tenancy.






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






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






43. A retail outlet.






44. 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.






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






46. 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.






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






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






49. Imitating another company's ideas rather than developing your own.






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