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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. Giving people the freedom to decide things and take responsibility for themselves.






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






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






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






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






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






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






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






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






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






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






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






13. Trade Union Congress.






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






15. Distribution of anything for use - including time or money.






16. A period of decline in economic activity.






17. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






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






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






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






21. 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?






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






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






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






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






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






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






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






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






30. The rare situation when budget spending is smaller than revenue.






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






32. Obstacles to international trade based on customs tariffs.






33. Involving the use of natural resources and energy in a way that does not harm the environment.






34. The balance between interest rates and the demand for money.






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






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






37. A reduction in the selling price of an item in order to increase sales.






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






39. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






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






41. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






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






43. An individual or company buying from someone.






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






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






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






47. Regular fluctuations in overall economic activity over time.






48. A medicine which is available without first getting a prescription from a doctor.






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






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