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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. Regular fluctuations in overall economic activity over time.






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






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






4. Patterns of relationships between different groups of society.






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






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






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






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






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






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






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






12. The money a state earns via taxation.






13. Something that is required by law.






14. A period of shrinking economic activity.






15. A period of very high economic activity.






16. An individual or company buying from someone.






17. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






18. A retail store that handles a wide variety of inexpensive and cheaply priced goods.






19. Usually software where the source code is made freely available for all users to change as they see fit.






20. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






21. 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.






22. 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.






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






24. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






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






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






27. A pricing strategy using premium prices to attract customers more concerned about service - assortment and status than price.






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






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






30. Something that is bought without being planned for.






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






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






33. A period of decline in economic activity.






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






35. A person or company from whom goods or services are bought.






36. Economic policies that use taxation to correct the course of the economy e.g. lowering sales tax to encourage spending or raising interest rates to encourage saving.






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






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






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






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






41. A company's main products - e.g. Opel's core product is cars.






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






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






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






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






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






47. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






48. A period of economic expansion.






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






50. The way in which a company is controlled.






Can you answer 50 questions in 15 minutes?



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