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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. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.






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






3. The support of a cause.






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






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






6. A period of very high economic activity.






7. An extremely adverse environmental condition.






8. 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.






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






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






11. Confederation of British Industry






12. The system of organizations involved in moving a product from manufacturer to customer.






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






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






15. Someone who does something without being paid for it - e.g. working for a charity.






16. An individual or company buying from someone.






17. Obstacles to international trade based on customs tariffs.






18. Trade Union Congress.






19. A collection of shops under one roof with a shared entrance and food area.






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






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






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






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






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






25. When budget spending exceeds revenue.






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






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






28. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






29. Something that is required by law.






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






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






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






33. The amount of money a person has left after paying taxes and buying necessities.






34. When a price has been cut.






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






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






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






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






39. A period of shrinking economic activity.






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






41. The variety of goods that a retailer sells.






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






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






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






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






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






47. Something which is a copy or imitation.






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 shop or store.






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