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






2. A retailer that concentrates on selling one particular type of good.






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






4. The support of a cause.






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






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






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






8. Obstacles to international trade other than tariffs.






9. Regular fluctuations in overall economic activity over time.






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






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






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






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






14. 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.






15. A period of decline in economic activity.






16. The customer group a retailer wants to attract and satisfy.






17. Volunteer organization for young - disadvantaged Americans.






18. A consultation document that sets out the government's position on a certain issue.






19. 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.






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






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






22. American Federation of Labour / Association of Industrial Organizations






23. Meeting accepted guidelines or laws.






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






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






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






27. Products that can hold their own against rival products in terms of price - features or quality.






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






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






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






31. Protection of local industries through tariffs - quotas and regulations that discriminate against foreign businesses.






32. A shop or store.






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






34. When a price has been cut.






35. The violation of a law or right.






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






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






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






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






40. Something that is required by law.






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






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






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






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






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






46. Confederation of British Industry






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






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






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






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






Can you answer 50 questions in 15 minutes?



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