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






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






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






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






5. A test or way of measuring something.






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






7. 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.






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






9. An official statement of the aims of a company or an organization - e.g. We aim to be the number one supplier of quality wooden furniture.






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






11. Items sold in a store during a certain period measuring in number of units or value.






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






13. A storeroom where items which cannot be put on display are stored.






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






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






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






17. A period of economic expansion.






18. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






19. The violation of a law or right.






20. Obstacles to international trade based on customs tariffs.






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






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






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






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






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






26. Items in a store which have not sold for a longer period of time.






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






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






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






30. Financial aid by the government to an individual or group to support an activity that is in the public interest.






31. The money a state earns via taxation.






32. A way of measuring performance by comparing a company to similar ones.






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






34. Regular fluctuations in overall economic activity over time.






35. American Federation of Labour / Association of Industrial Organizations






36. The support of a cause.






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






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






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






40. A retail outlet.






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






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






43. 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.






44. Confederation of British Industry






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






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






47. When a price has been cut.






48. When a small number of companies control a certain market.






49. Refers to the number of distinct goods or services a retailer offers.






50. A voluntary sector or charity sector organization.