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






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






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






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






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






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






7. An economic sanction that forbids the import of a specific product or all products from a specific country.






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






9. A person or organization which receives money from a charity.






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






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






12. The ethics of bribery - extortion and grease payments to bureaucrats and business leaders.






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






14. Organization for Economic Cooperation and Development






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






16. Connected with society and the way it is organized.






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






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






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






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






21. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






22. An individual or company buying from someone.






23. Patterns of relationships between different groups of society.






24. When a private company provides a public service in agreement with a government or council.






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






26. When a price has been cut.






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






28. Multiple retail units under common ownership.






29. The resources used to produce goods and services - including land - labour - business and capital.






30. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.






31. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






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






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






34. Something that is required by law.






35. A minimum income level below which people are officially poor.






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






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






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






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






40. A period of economic expansion.






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






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






43. The way in which a company is controlled.






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






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






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






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






48. A card given to customers to collect points towards gifts with the aim to make the customer return to the business regularly.






49. A range of many things or people that are very different from each other.






50. Something which is a copy or imitation.