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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 person who works for someone else in exchange for payment.






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






3. A period of decline in economic activity.






4. Goods bought and used by companies - such as machines. Also known as capital goods.






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






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






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






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






9. Something that is required by law.






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






11. 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.






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






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






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






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






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






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






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






19. Focusing on a more specific line of products or services in comparison to competitors.






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






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






22. The right to live in a home on a long-term tenancy.






23. The money a state earns via taxation.






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






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






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






27. Meeting accepted guidelines or laws.






28. 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?






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






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






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






32. Something which is a copy or imitation.






33. A voluntary sector or charity sector organization.






34. Organization for Economic Cooperation and Development






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






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






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






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






39. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






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






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






42. When a company reduces their output during a recession they have excess or idle capacity.






43. A consultation document that sets out the government's position on a certain issue.






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






45. Regulations that mean permission from the government is required before certain items can be exported.






46. When budget spending exceeds revenue.






47. A government-imposed tax on imports.






48. A retail outlet.






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






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







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