Test your basic knowledge |

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 or organization which receives money from a charity.






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






3. 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.






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






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






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






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






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






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






10. When budget spending exceeds revenue.






11. The system of organizations involved in moving a product from manufacturer to customer.






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






13. Usually software where the source code is made freely available for all users to change as they see fit.






14. The rare situation when budget spending is smaller than revenue.






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






16. A shop or store.






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






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






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






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






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






22. American Federation of Labour / Association of Industrial Organizations






23. A period of decline in economic activity.






24. Distribution of anything for use - including time or money.






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






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






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






28. Confederation of British Industry






29. The way in which a company is controlled.






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






31. A country's exports minus its imports.






32. Value of the entire company as expressed by its market capitalization.






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






34. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






35. Purchase Power Parity - the degree to which your money will buy the same items in a foreign country - e.g. is a Big Mac cheaper in the US than it is in Germany?






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






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






38. The difference between merchandise costs and retail selling price.






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






40. Patterns of relationships between different groups of society.






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






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






43. The checking - ordering & processing of stock levels.






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






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






46. A person who works for someone else in exchange for payment.






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






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






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






50. The money a state earns via taxation.