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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. An imitation of a product made with the intent to defraud a customer.






2. A period of economic expansion.






3. Trade Union Congress.






4. Economic policies that use money e.g. interest rates or money supply as the major instruments.






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






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






7. Regulations that mean permission from the government is required before certain items can be exported.






8. Something that is bought without being planned for.






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






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






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






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






13. 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?






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






15. Shows the flows of money into and out of a country plus transfer payments.






16. A company's main products - e.g. Opel's core product is cars.






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






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






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






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






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






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






23. Giving people the freedom to decide things and take responsibility for themselves.






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






25. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






26. A person or company from whom goods or services are bought.






27. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.






28. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






29. Multiple retail units under common ownership.






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






31. Something that is required by law.






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






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






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






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






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






37. A test or way of measuring something.






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






39. Distribution of anything for use - including time or money.






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






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






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






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






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






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






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






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






48. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






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






50. 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.







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