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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. Volunteer organization for young - disadvantaged Americans.






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






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






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






5. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






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






7. Obstacles to international trade based on customs tariffs.






8. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.






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






10. 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.






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






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






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






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






15. Financial aid by the government to an individual or group to support an activity that is in the public interest.






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






17. The way in which a company is controlled.






18. Consumer goods that have a short life span - e.g. food or paper tissues.






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






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






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






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






23. A test or way of measuring something.






24. 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.






25. 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.






26. Goods bought for private use.






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






28. A period where there is little economic activity - high unemployment and much poverty.






29. The process of turning raw materials and parts into finished products.






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






31. The skills and knowledge needed to start and run a company.






32. Confederation of British Industry






33. The money a state earns via taxation.






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






35. The difference between merchandise costs and retail selling price.






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






37. 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.






38. A sign or symbol used by a company such as the Nike swish logo which is protected by law.






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






40. The customer group a retailer wants to attract and satisfy.






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






42. Obstacles to international trade other than tariffs.






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






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






45. The rate of interest at which US banks lend money to their best corporate customers.






46. A way of measuring performance by comparing a company to similar ones.






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






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






49. A voluntary sector or charity sector organization.






50. An extremely adverse environmental condition.