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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. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.






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






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






4. 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.






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






6. The variety of goods that a retailer sells.






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






8. The Federal Reserve - the US central banking system.






9. Goods bought for private use.






10. Obstacles to international trade based on customs tariffs.






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






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






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






14. A period of very high economic activity.






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






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






17. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






18. 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?






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






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






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






22. Something that is required by law.






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






24. A retail outlet.






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






26. When governments try to stabilize economic activities by funding major projects from budget deficits.






27. An enormous planned shopping centre with hundreds of stores under one roof.






28. Imitating another company's ideas rather than developing your own.






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






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






31. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






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






33. A voluntary sector or charity sector organization.






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






35. The amount of wealth - money - comfort etc that a particular person - group or society has.






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






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






38. Regular fluctuations in overall economic activity over time.






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






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






41. The number of times during a period a business sells its inventory and replaces it.






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






43. A country or region with low or no taxes on foreign source income like Monacco or the Bahamas.






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






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






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






47. The total amount of money in circulation in a country.






48. The legal right of the owner of a work over its control and distribution.






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






50. Patterns of relationships between different groups of society.