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






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






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






4. An imitation of a product made with the intent to defraud a customer.






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






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






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






8. Products that can hold their own against rival products in terms of price - features or quality.






9. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.






10. The right to live in a home on a long-term tenancy.






11. A period of decline in economic activity.






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






13. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






14. The variety of goods that a retailer sells.






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






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






17. A large - long-term loan taken out to pay for a house.






18. Central Business District - the largest retail and office area of a city - also known as downtown






19. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






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






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






22. Sets of specific restraints imposed by governments on international trade.






23. A storeroom where items which cannot be put on display are stored.






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






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






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






27. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






28. Development which can be done without harming the environment or natural resources.






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






30. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






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






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






33. A government-imposed tax on imports.






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






35. An individual or company buying from someone.






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






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






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






39. A period of very high economic activity.






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






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






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






43. When budget spending exceeds revenue.






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






45. The support of a cause.






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






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






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






49. The checking - ordering & processing of stock levels.






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







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