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






2. Payments made like a bribe to encourage an official to allow something or get something done.






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






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






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






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






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






8. Items in a store which have not sold for a longer period of time.






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






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






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






12. Volunteer organization for young - disadvantaged Americans.






13. A government-imposed tax on imports.






14. Goods bought for private use.






15. A storeroom where items which cannot be put on display are stored.






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






17. Confederation of British Industry






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






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






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






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






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






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






24. Products that can hold their own against rival products in terms of price - features or quality.






25. The total sum of a nation's outstanding debt.






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






27. When governments try to stabilize economic activities by funding major projects from budget deficits.






28. Organization for Economic Cooperation and Development






29. When a price has been cut.






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






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






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






33. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






35. Something that is bought without being planned for.






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






37. 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.






38. When a company reduces their output during a recession they have excess or idle capacity.






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






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






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






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






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






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






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






46. Meeting accepted guidelines or laws.






47. Sets of specific restraints imposed by governments on international trade.






48. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






49. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?






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