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






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






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






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






5. Obstacles to international trade based on customs tariffs.






6. A period of economic expansion.






7. A shop or store.






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






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






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






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






12. A period of shrinking economic activity.






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






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






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






16. All raw materials - work in progress and finished products in a company - usually counted once a year or when a company goes bankrupt.






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






18. Meeting accepted guidelines or laws.






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






20. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






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






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






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






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






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






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






27. Statement of policy issued by a government which may form the basis of a future law.






28. An owner of shares or stocks in a company.






29. Items which a shop has and are available to buy.






30. 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.






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






32. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






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






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






35. A reduction in the selling price of an item in order to increase sales.






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






37. 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.






38. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






39. Something that is bought without being planned for.






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






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






42. American Federation of Labour / Association of Industrial Organizations






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






44. Regular fluctuations in overall economic activity over time.






45. The support of a cause.






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






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






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






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






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







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