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






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






3. Patterns of relationships between different groups of society.






4. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?






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






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






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






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






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






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






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






12. Obstacles to international trade other than tariffs.






13. A period of very high economic activity.






14. Economic policies designed to support business and help it expand.






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






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






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






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






19. 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.






20. 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.






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






22. A voluntary sector or charity sector organization.






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






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






25. Payments made like a bribe to encourage an official to allow something or get something done.






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






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






28. American Federation of Labour / Association of Industrial Organizations






29. The rare situation when budget spending is smaller than revenue.






30. The variety of goods that a retailer sells.






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






32. Something that is bought without being planned for.






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






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






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






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






37. Confederation of British Industry






38. Government policies to cool down an economy and prevent inflation during boom periods.






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






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






41. Consumer goods that have a short life span - e.g. food or paper tissues.






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






43. The support of a cause.






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






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






46. A government-imposed tax on imports.






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






48. The way in which a company is controlled.






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






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