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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 person who works for someone else in exchange for payment.






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






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






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






5. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






6. The support of a cause.






7. A self-service food store with grocery - meat and produce departments.






8. Something which is a copy or imitation.






9. Something that is required by law.






10. Regular fluctuations in overall economic activity over time.






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






12. Goods bought for private use.






13. A voluntary sector or charity sector organization.






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






15. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






16. An extremely adverse environmental condition.






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






18. A range of many things or people that are very different from each other.






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






20. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






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






22. Meeting accepted guidelines or laws.






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






24. The money a state earns via taxation.






25. Multiple retail units under common ownership.






26. When a small number of companies control a certain market.






27. Volunteer organization for young - disadvantaged Americans.






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






29. A company's main products - e.g. Opel's core product is cars.






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






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






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






33. A shop that is usually open long hours and sells a limited selection of basic goods like food and newspapers.






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






35. Patterns of relationships between different groups of society.






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






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






38. 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.






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






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






41. An individual or company buying from someone.






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






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






44. Confederation of British Industry






45. 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.






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






47. Payments made like a bribe to encourage an official to allow something or get something done.






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






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






50. A way of measuring performance by comparing a company to similar ones.