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






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






3. 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.






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






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






6. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






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






8. Statement of policy issued by a government which may form the basis of a future law.






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






10. Multiple retail units under common ownership.






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






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






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






14. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






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






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






17. 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?






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






19. Trade Union Congress.






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






21. Volunteer organization for young - disadvantaged Americans.






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






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






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






25. Confederation of British Industry






26. The money a state earns via taxation.






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






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






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






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






31. Buying Power Index - a measure of a geographic area's market characteristics in terms of percentage of the US population - percentage of US retail sales and percentage of US effective buying income.






32. Exclusive ownership of a property for an indefinite period of time.






33. When a price has been cut.






34. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






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






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






37. Economic policies that use money e.g. interest rates or money supply as the major instruments.






38. A shop or store.






39. When budget spending exceeds revenue.






40. A period of very high economic activity.






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






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






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






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






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






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






47. A period of shrinking economic activity.






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






49. The hub of retailing in a city - where the most office buildings and retail stores are.






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