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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 a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






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






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






4. An individual or company buying from someone.






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






6. 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.






7. The total sum of a nation's outstanding debt.






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






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






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






11. A company's main products - e.g. Opel's core product is cars.






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






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






14. Regular fluctuations in overall economic activity over time.






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






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






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






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






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






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






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






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






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






24. The skills and knowledge needed to start and run a company.






25. A retail outlet.






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






27. Financial aid by the government to an individual or group to support an activity that is in the public interest.






28. Something that is bought without being planned for.






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






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






31. 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.






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






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






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






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






36. A period of shrinking economic activity.






37. Confederation of British Industry






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






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






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






41. A way of measuring performance by comparing a company to similar ones.






42. When governments try to stabilize economic activities by funding major projects from budget deficits.






43. A voluntary sector or charity sector organization.






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






45. A large retail unit selling a wide variety of goods in separate departments.






46. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






47. A small owner-operated store serving a local community.






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






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






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