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






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






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






4. Something that is bought without being planned for.






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






6. The checking - ordering & processing of stock levels.






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






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






9. A period where there is little economic activity - high unemployment and much poverty.






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






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






12. A country's exports minus its imports.






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






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






15. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






16. Meeting accepted guidelines or laws.






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






18. The violation of a law or right.






19. An individual or company buying from someone.






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






21. Hiring an external company to perform tasks for a company and reduce costs.






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






23. Multiple retail units under common ownership.






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






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






26. 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.






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






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






29. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






30. A shop or store.






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






32. Volunteer organization for young - disadvantaged Americans.






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






34. 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.






35. 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.






36. The variety of goods that a retailer sells.






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






38. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






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






40. Goods bought for private use.






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






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






43. Exclusive ownership of a property for an indefinite period of time.






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






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






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






47. An enormous planned shopping centre with hundreds of stores under one roof.






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






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






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







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Can you answer 50 questions in 15 minutes?


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