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






2. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






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






4. Obstacles to international trade based on customs tariffs.






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






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






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






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






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






10. Something which is a copy or imitation.






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






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






13. 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.






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






15. The violation of a law or right.






16. Something that is required by law.






17. A period of decline in economic activity.






18. A period of shrinking economic activity.






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






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






21. The percentage of a household's income that is saved.






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






23. Something that is bought without being planned for.






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






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






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






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






28. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






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






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






31. An extremely adverse environmental condition.






32. Confederation of British Industry






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






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






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






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






37. The Federal Reserve - the US central banking system.






38. A voluntary sector or charity sector organization.






39. An item which is no longer produced by a manufacturer or sold by a retailer.






40. 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.






41. An imitation of a product made with the intent to defraud a customer.






42. The total sum of goods and services in demand.






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






44. An area of land which has never been built on.






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






46. The money a state earns via taxation.






47. A country's exports minus its imports.






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






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






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







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Can you answer 50 questions in 15 minutes?


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