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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. The violation of a law or right.






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






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






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






5. Goods bought and used by companies - such as machines. Also known as capital goods.






6. 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.






7. Business wholly owned by its employees with the emphasis on group decision making.






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






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






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






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






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






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






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






15. A financial instrument that facilitates payment from one currency to another.






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






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






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






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






20. Hiring an external company to perform tasks for a company and reduce costs.






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






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






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






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






25. How companies try to show their products as being different from those of their rivals.






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






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






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






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






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






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






32. Organization for Economic Cooperation and Development






33. Goods bought for private use.






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






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






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






37. A collection of shops under one roof with a shared entrance and food area.






38. Obstacles to international trade other than tariffs.






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






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






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






42. Trade Union Congress.






43. The skills and knowledge needed to start and run a company.






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






45. A tax imposed on imports by the customs authority of a country.






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






47. 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?






48. 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.






49. An individual or company buying from someone.






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