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






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






3. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






4. The macroeconomic sector that includes the entire wants and needs satisfying population of the economy.






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






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






7. A period of shrinking economic activity.






8. When budget spending exceeds revenue.






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






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






11. Something which is a copy or imitation.






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






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






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






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






16. An area of land which has never been built on.






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






18. Multiple retail units under common ownership.






19. 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.






20. A card payment system where the cost of goods or services is immediately removed from a bank account.






21. A system where a company allows someone to run a specific business using the company's products or brand in exchange for a fee or share of the profits - McDonalds is a famous franchise.






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






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






24. The rate of interest at which US banks lend money to their best corporate customers.






25. A medicine which is available without first getting a prescription from a doctor.






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






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






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






29. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






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






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






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






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






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






35. Gross Domestic Product - the total value of goods and services produced within a country in a year at current prices.






36. 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?






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






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






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






40. Doing something (performing a process) to make a material ready for your requirments.






41. Something that is required by law.






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






43. The support of a cause.






44. Confederation of British Industry






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






46. Regulations that mean permission from the government is required before certain items can be exported.






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






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






49. 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.






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