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






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






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






4. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.






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






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






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






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






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






10. Something that is required by law.






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






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






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






14. A test or way of measuring something.






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






16. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






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






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






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






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






21. Volunteer organization for young - disadvantaged Americans.






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






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






24. Something which is a copy or imitation.






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






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






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






28. The money a state earns via taxation.






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






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






31. When budget spending exceeds revenue.






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






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






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






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






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






37. 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.






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






39. Focusing on a more specific line of products or services in comparison to competitors.






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






41. 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.






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






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






44. The total sum of goods and services in demand.






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






46. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






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






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






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






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