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






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






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






4. Statement of policy issued by a government which may form the basis of a future law.






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






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






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






8. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






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






10. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






11. 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.






12. Meeting accepted guidelines or laws.






13. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






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






15. A medicine which is available without first getting a prescription from a doctor.






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






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






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






19. Patterns of relationships between different groups of society.






20. American Federation of Labour / Association of Industrial Organizations






21. A period of very high economic activity.






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






23. Items sold in a store during a certain period measuring in number of units or value.






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






25. The violation of a law or right.






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






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






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






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






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






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






32. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.






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






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






35. A period of decline in economic activity.






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






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






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






39. An individual or company buying from someone.






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






41. When the exports a country makes exceed the imports.






42. A person or company from whom goods or services are bought.






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






44. Usually software where the source code is made freely available for all users to change as they see fit.






45. Something that is required by law.






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






47. When the imports into a country exceed the exports going out of a country.






48. 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.






49. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






50. 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.