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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. Central Business District - the largest retail and office area of a city - also known as downtown






2. A test or way of measuring something.






3. Meeting accepted guidelines or laws.






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






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






6. An individual or company buying from someone.






7. Something which is a copy or imitation.






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






9. 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.






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






11. 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.






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






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






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






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






16. The area of the economy that produces goods and provides services.






17. 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.






18. A period of decline in economic activity.






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






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






21. Machine for processing sales - taking payments - giving change. Also know as a cash register.






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






23. 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.






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






25. Goods bought for private use.






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






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






28. A government-imposed tax on imports.






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






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






31. Regular fluctuations in overall economic activity over time.






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






33. A storeroom where items which cannot be put on display are stored.






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






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






36. Agreement that provided the basis for the formation of the European Union.






37. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






38. Volunteer organization for young - disadvantaged Americans.






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






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






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






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






43. The customer group a retailer wants to attract and satisfy.






44. Refers to the number of distinct goods or services a retailer offers.






45. A retail outlet.






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






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






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






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






50. Multiple retail units under common ownership.