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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 process of turning raw materials and parts into finished products.






2. Patterns of relationships between different groups of society.






3. A test or way of measuring something.






4. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






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






6. A government-imposed tax on imports.






7. When budget spending exceeds revenue.






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






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






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






11. A period of economic expansion.






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






13. A period of very high economic activity.






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






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






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






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






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






19. A period of shrinking economic activity.






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






21. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






23. A reduction in price offered when buying an item in higher quantities.






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






25. American Federation of Labour / Association of Industrial Organizations






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






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






28. Business wholly owned by its employees with the emphasis on group decision making.






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






30. The variety of goods that a retailer sells.






31. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






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






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






34. Multiple retail units under common ownership.






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






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






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






38. The skills and knowledge needed to start and run a company.






39. 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.






40. An extremely adverse environmental condition.






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






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






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






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






45. Meeting accepted guidelines or laws.






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






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






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






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






50. Something that is required by law.