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






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






3. The percentage of people who do not have a job.






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






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






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






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






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






9. A period of shrinking economic activity.






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






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






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






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






14. A test or way of measuring something.






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 individual or company buying from someone.






17. Imitating another company's ideas rather than developing your own.






18. The way in which a company is controlled.






19. The violation of a law or right.






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






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






22. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






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






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






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






26. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






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






28. The process of turning raw materials and parts into finished products.






29. When budget spending exceeds revenue.






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






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






32. Trade Union Congress.






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






34. Regular fluctuations in overall economic activity over time.






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






36. 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.






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






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






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






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






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






42. System in which good or services are exchanged for other goods or services rather than cash.






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






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






45. Obstacles to international trade other than tariffs.






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






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






48. Goods bought for private use.






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






50. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.