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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 large - long-term loan taken out to pay for a house.






2. Meeting accepted guidelines or laws.






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






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






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






6. A country's exports minus its imports.






7. Goods bought for private use.






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






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






10. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






11. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






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






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






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






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. Business wholly owned by its employees with the emphasis on group decision making.






17. Organization for Economic Cooperation and Development






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






19. Patterns of relationships between different groups of society.






20. Connected with society and the way it is organized.






21. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






22. Economic policies designed to support business and help it expand.






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






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






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






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






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






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






29. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






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






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






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






33. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.






34. 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.






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






36. Something which is a copy or imitation.






37. Trade Union Congress.






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






39. The system of organizations involved in moving a product from manufacturer to customer.






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






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






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






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






44. Regular fluctuations in overall economic activity over time.






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






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






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






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






49. 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.






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