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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. The difference between merchandise costs and retail selling price.






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






3. Meeting accepted guidelines or laws.






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






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






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






7. When budget spending exceeds revenue.






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






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






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






11. A period of shrinking economic activity.






12. The money a state earns via taxation.






13. Trade Union Congress.






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






15. A tax imposed on imports by the customs authority of a country.






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






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






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






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






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






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






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






23. Consumer goods that have a short life span - e.g. food or paper tissues.






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






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






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






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






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






29. The way in which a company is controlled.






30. The violation of a law or right.






31. The legal right of the owner of a work over its control and distribution.






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






33. The variety of goods that a retailer sells.






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






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






36. Something that is required by law.






37. Volunteer organization for young - disadvantaged Americans.






38. A period of decline in economic activity.






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






40. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






41. A financial instrument that facilitates payment from one currency to another.






42. American Federation of Labour / Association of Industrial Organizations






43. A test or way of measuring something.






44. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






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






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






47. How companies try to show their products as being different from those of their rivals.






48. A retailer that concentrates on selling one particular type of good.






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






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