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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. Government policies to cool down an economy and prevent inflation during boom periods.






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






3. System in which good or services are exchanged for other goods or services rather than cash.






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






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






6. 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.






7. Involving the use of natural resources and energy in a way that does not harm the environment.






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






9. A tax imposed on imports by the customs authority of a country.






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






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






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






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






14. Organization for Economic Cooperation and Development






15. Obstacles to international trade based on customs tariffs.






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






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






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






19. A retail outlet.






20. Obstacles to international trade other than tariffs.






21. An imitation of a product made with the intent to defraud a customer.






22. An individual or company buying from someone.






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






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






25. Multiple retail units under common ownership.






26. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






27. 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.






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






29. 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.






30. Meeting accepted guidelines or laws.






31. Items which a shop has and are available to buy.






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






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






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






35. When a price has been cut.






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






37. Machine for processing sales - giving change in a shop or restaurant.






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






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






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






41. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






42. Central Business District - the largest retail and office area of a city - also known as downtown






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






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






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






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






47. A range of many things or people that are very different from each other.






48. A way of measuring performance by comparing a company to similar ones.






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






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