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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 violation of a law or right.






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






3. A large - long-term loan taken out to pay for a house.






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






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






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






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






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






9. The purchase of a financial product or other item of value with the hope that it will become more valuable.






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






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






12. 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.






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






14. Obstacles to international trade based on customs tariffs.






15. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






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






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






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






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






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






21. American Federation of Labour / Association of Industrial Organizations






22. The way in which a company is controlled.






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






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






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






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






27. When budget spending exceeds revenue.






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






29. Meeting accepted guidelines or laws.






30. A period of economic expansion.






31. An economic sanction that forbids the import of a specific product or all products from a specific country.






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






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






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






35. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






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






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






38. When a price has been cut.






39. 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.






40. A retail outlet.






41. A card payment system where the cost of goods or services is immediately removed from a bank account.






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






43. Value of the entire company as expressed by its market capitalization.






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






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






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






47. A voluntary sector or charity sector organization.






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






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






50. An owner of shares or stocks in a company.






Can you answer 50 questions in 15 minutes?



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