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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. The money a state earns via taxation.






2. When a price has been cut.






3. A large - long-term loan taken out to pay for a house.






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






5. A voluntary sector or charity sector organization.






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






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






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






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






10. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.






11. Something which is a copy or imitation.






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






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






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






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






16. Meeting accepted guidelines or laws.






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






18. A period of shrinking economic activity.






19. 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.






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






21. An extremely adverse environmental condition.






22. Obstacles to international trade other than tariffs.






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






24. 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.






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






26. Doing something (performing a process) to make a material ready for your requirments.






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






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






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






30. A storeroom where items which cannot be put on display are stored.






31. The area of the economy that produces goods and provides services.






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






33. A period of decline in economic activity.






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






35. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






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






37. A person or organization which receives money from a charity.






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






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






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






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






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






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






44. A government-imposed tax on imports.






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






46. An economic sanction that forbids the import of a specific product or all products from a specific country.






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






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






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






50. Volunteer organization for young - disadvantaged Americans.