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






2. Central Business District - the largest retail and office area of a city - also known as downtown






3. An enormous planned shopping centre with hundreds of stores under one roof.






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






5. A shop or store.






6. Meeting accepted guidelines or laws.






7. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






8. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






9. Goods bought for private use.






10. The violation of a law or right.






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






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






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






14. The sum of money invested in new or additional equipment.






15. When budget spending exceeds revenue.






16. An owner of shares or stocks in a company.






17. An extremely adverse environmental condition.






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






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






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






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






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






23. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






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






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






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






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






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






29. 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.






30. 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.






31. A government-imposed tax on imports.






32. The amount of money a person has left after paying taxes and buying necessities.






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






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






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






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






37. The total amount of money in circulation in a country.






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






39. Obstacles to international trade other than tariffs.






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






41. A collection of shops under one roof with a shared entrance and food area.






42. A retail outlet.






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






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






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






46. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






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






48. A voluntary sector or charity sector organization.






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






50. Trade Union Congress.