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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. Trade Union Congress.






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






3. A period of economic expansion.






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






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






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






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






8. A voluntary sector or charity sector organization.






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






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






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






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






13. 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.






14. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






15. 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.






16. Consumer goods that have a long life span - e.g. furniture.






17. The resources used to produce goods and services - including land - labour - business and capital.






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






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






20. The variety of goods that a retailer sells.






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






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






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






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






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






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






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






28. Goods bought for private use.






29. The number of times during a period a business sells its inventory and replaces it.






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






31. A consultation document that sets out the government's position on a certain issue.






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






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






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






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






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






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






38. 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?






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






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






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






42. American Federation of Labour / Association of Industrial Organizations






43. The different layers within a society e.g. class - income - education.






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






45. Economic policies that use money e.g. interest rates or money supply as the major instruments.






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






47. A government-imposed tax on imports.






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






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






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