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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 reduction in the selling price of an item in order to increase sales.






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






3. Regulations that mean permission from the government is required before certain items can be exported.






4. A tax imposed on imports by the customs authority of a country.






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






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






7. An extremely adverse environmental condition.






8. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






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






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






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






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






13. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






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






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






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






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






18. The money a state earns via taxation.






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






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






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






22. Meeting accepted guidelines or laws.






23. Regular fluctuations in overall economic activity over time.






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






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






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






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






28. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






29. Buying currency options that fix exchange rates for a period of time.






30. The support of a cause.






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






32. A large retail unit selling a wide variety of goods in separate departments.






33. 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.






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






35. Organization for Economic Cooperation and Development






36. Volunteer organization for young - disadvantaged Americans.






37. Patterns of relationships between different groups of society.






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






39. A period of decline in economic activity.






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






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






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






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






44. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






45. Doing something (performing a process) to make a material ready for your requirments.






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






47. The checking - ordering & processing of stock levels.






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






49. A shop or store.






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






Can you answer 50 questions in 15 minutes?



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