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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. A period of shrinking economic activity.






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






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






5. real Gross Domestic Product is the level of GDP having been adjusted for inflation.






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






7. Someone who does something without being paid for it - e.g. working for a charity.






8. Volunteer organization for young - disadvantaged Americans.






9. 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.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






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






27. Confederation of British Industry






28. A retailer that concentrates on selling one particular type of good.






29. How companies try to show their products as being different from those of their rivals.






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






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






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






33. Meeting accepted guidelines or laws.






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






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






36. The percentage of people who do not have a job.






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






38. A period of decline in economic activity.






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






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






41. Value of the entire company as expressed by its market capitalization.






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






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






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






45. 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.






46. When a company reduces their output during a recession they have excess or idle capacity.






47. The rate of interest at which US banks lend money to their best corporate customers.






48. The customer group a retailer wants to attract and satisfy.






49. A test or way of measuring something.






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