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






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






3. The resources used to produce goods and services - including land - labour - business and capital.






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






5. An economic sanction that forbids the import of a specific product or all products from a specific country.






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






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






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






9. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






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






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






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






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






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






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






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






17. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






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






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






20. A period of economic expansion.






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






22. A person or organization which receives money from a charity.






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






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






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






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






27. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






28. 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.






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






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






31. A retail outlet.






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






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






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






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






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






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






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






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






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






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






42. A shop or store.






43. Patterns of relationships between different groups of society.






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






45. Obstacles to international trade based on customs tariffs.






46. A period of shrinking economic activity.






47. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






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






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






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