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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 period of very high economic activity.






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






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






4. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






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






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






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






8. The way in which a company is controlled.






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






10. Organization for Economic Cooperation and Development






11. An area of land which has never been built on.






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






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






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






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






16. Process of communicating back and forth until an agreement has been reached.






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






18. Shows the flows of money into and out of a country plus transfer payments.






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






20. Goods bought for private use.






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






22. A period of decline in economic activity.






23. When the amount borrowed to pay for a home is now more than the property is actually worth.






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






25. 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.






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






27. Something that is required by law.






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






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






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






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






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






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






34. Multiple retail units under common ownership.






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






36. The balance between interest rates and the demand for money.






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






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






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






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






41. A test or way of measuring something.






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






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






44. Doing something (performing a process) to make a material ready for your requirments.






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






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






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






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






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






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