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






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






3. A company's main products - e.g. Opel's core product is cars.






4. When governments try to stabilize economic activities by funding major projects from budget deficits.






5. Consumer goods that have a long life span - e.g. furniture.






6. Consumer Price Index - a US measure of whether items are getting cheaper or more expensive using a sample of typical consumer goods.






7. Involving the use of natural resources and energy in a way that does not harm the environment.






8. The process of turning raw materials and parts into finished products.






9. Something which is a copy or imitation.






10. Value of the entire company as expressed by its market capitalization.






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






12. Regular fluctuations in overall economic activity over time.






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






14. A voluntary sector or charity sector organization.






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






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






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






18. A retail outlet.






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






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






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






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






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






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






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






26. A test or way of measuring something.






27. An enormous planned shopping centre with hundreds of stores under one roof.






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






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






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






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






32. When a price has been cut.






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






34. The legal right of the owner of a work over its control and distribution.






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






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






37. A large retail unit selling a wide variety of goods in separate departments.






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






39. A person or organization which receives money from a charity.






40. 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.






41. Goods bought for private use.






42. A shop or store.






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






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






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






46. A range of many things or people that are very different from each other.






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






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






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






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