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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. Volunteer organization for young - disadvantaged Americans.






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






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






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






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






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






7. Items in a store which have not sold for a longer period of time.






8. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






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






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






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






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






13. A country's exports minus its imports.






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






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






16. Someone who does something without being paid for it - e.g. working for a charity.






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






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






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






20. When the imports into a country exceed the exports going out of a country.






21. When a price has been cut.






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






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






24. The violation of a law or right.






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






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






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






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






29. When the exports a country makes exceed the imports.






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






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






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






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






34. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.






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






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






37. A shop where you choose the items you want yourself - take them to the till and pay for them without any assistance from staff.






38. The support of a cause.






39. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.






40. Consumer goods that have a long life span - e.g. furniture.






41. Business wholly owned by its employees with the emphasis on group decision making.






42. The variety of goods that a retailer sells.






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






44. 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.






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






46. When a customer regularly uses a store they know - like and trust.






47. The money a state earns via taxation.






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






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






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