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






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






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






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






5. Goods bought for private use.






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






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






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






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






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






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






12. A consultation document that sets out the government's position on a certain issue.






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






14. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






15. A country's exports minus its imports.






16. Process of communicating back and forth until an agreement has been reached.






17. Hiring an external company to perform tasks for a company and reduce costs.






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






19. The sum of money invested in new or additional equipment.






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






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






22. 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.






23. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






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






25. A reduction in price offered when buying an item in higher quantities.






26. When budget spending exceeds revenue.






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






28. Volunteer organization for young - disadvantaged Americans.






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






30. The money a state earns via taxation.






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






32. Organization for Economic Cooperation and Development






33. A period of very high economic activity.






34. Multiple retail units under common ownership.






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






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






37. When a price has been cut.






38. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






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






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






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






42. 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?






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






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






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






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






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






48. An item which is no longer produced by a manufacturer or sold by a retailer.






49. Confederation of British Industry






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