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






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






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






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






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






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






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






8. A government-imposed tax on imports.






9. 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?






10. An individual or company buying from someone.






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






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






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






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






15. A voluntary sector or charity sector organization.






16. Volunteer organization for young - disadvantaged Americans.






17. An extremely adverse environmental condition.






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






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






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






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






22. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






23. Something which is a copy or imitation.






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






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






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






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






28. 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.






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






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






31. When a small number of companies control a certain market.






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






33. Something that is required by law.






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






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






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






37. The amount of wealth - money - comfort etc that a particular person - group or society has.






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






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






40. A test or way of measuring something.






41. A person who works for someone else in exchange for payment.






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






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






44. A minimum income level below which people are officially poor.






45. The money a state earns via taxation.






46. A period of shrinking economic activity.






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






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






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






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