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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. An extremely adverse environmental condition.






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






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






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






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






6. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






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






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






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






10. Organization for Economic Cooperation and Development






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






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






13. The amount of wealth - money - comfort etc that a particular person - group or society has.






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






15. 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?






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






17. Something which is a copy or imitation.






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






19. A period of very high economic activity.






20. The purchase of a financial product or other item of value with the hope that it will become more valuable.






21. Volunteer organization for young - disadvantaged Americans.






22. A small owner-operated store serving a local community.






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






24. A voluntary sector or charity sector organization.






25. Meeting accepted guidelines or laws.






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






27. Foreign Direct Investment - when a company from one country has a controlling interest in a company in another country.






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






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






30. A shop or store.






31. Obstacles to international trade other than tariffs.






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






33. A financial instrument that facilitates payment from one currency to another.






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






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






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






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






38. Patterns of relationships between different groups of society.






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






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






41. Obstacles to international trade based on customs tariffs.






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






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






44. real Gross Domestic Product is the level of GDP having been adjusted for inflation.






45. A reduction in price offered when buying an item in higher quantities.






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






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






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






49. How companies try to show their products as being different from those of their rivals.






50. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.