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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. Payments made like a bribe to encourage an official to allow something or get something done.






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






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






4. 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.






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






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






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






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






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






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






11. Patterns of relationships between different groups of society.






12. When the amount borrowed to pay for a home is now more than the property is actually worth.






13. A test or way of measuring something.






14. Goods bought for private use.






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






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






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






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






19. The customer group a retailer wants to attract and satisfy.






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






21. Organization for Economic Cooperation and Development






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






23. 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.






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






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






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






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






28. Shows the flows of money into and out of a country plus transfer payments.






29. When a customer regularly uses a store they know - like and trust.






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






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






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






33. A period of shrinking economic activity.






34. The total sum of goods and services in demand.






35. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






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






37. 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.






38. The hub of retailing in a city - where the most office buildings and retail stores are.






39. A period of very high economic activity.






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






41. American Federation of Labour / Association of Industrial Organizations






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






43. A shop or store.






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






45. Multiple retail units under common ownership.






46. A retail outlet.






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






48. Obstacles to international trade other than tariffs.






49. Trade Union Congress.






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







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