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






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






3. Imitating another company's ideas rather than developing your own.






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






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






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






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






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






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






10. Goods made by major companies sold in a store under the store's own name - also known as own-label brands.






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






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






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






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






15. When budget spending exceeds revenue.






16. The checking - ordering & processing of stock levels.






17. Something that is bought without being planned for.






18. The violation of a law or right.






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






20. Meeting accepted guidelines or laws.






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






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






23. 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?






24. 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.






25. A shop or store.






26. A country's exports minus its imports.






27. The amount of wealth - money - comfort etc that a particular person - group or society has.






28. The balance between interest rates and the demand for money.






29. A period of very high economic activity.






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






31. 1. The sum of the balance of trade plus net factor income (interest dividends) plus net transfer payments (foreign aid).2. Low or no-interest bank account used for daily transactions e.g. using an ATM - with a cheque book or debit card.






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






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






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






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






36. The area of the economy that produces goods and provides services.






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






38. 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.






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






40. Volunteer organization for young - disadvantaged Americans.






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






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






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






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






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






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






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






48. An area of countryside with planning restrictions to prevent a city growing bigger and bigger.






49. Obstacles to international trade based on customs tariffs.






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