Test your basic knowledge |

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. 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.






2. When budget spending exceeds revenue.






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






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






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






6. Volunteer organization for young - disadvantaged Americans.






7. Connected with society and the way it is organized.






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






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






10. 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.






11. When a price has been cut.






12. A retail outlet.






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






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






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






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






17. A period of very high economic activity.






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






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






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






21. A medicine which is available without first getting a prescription from a doctor.






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






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






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






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






26. An extremely adverse environmental condition.






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






28. Giving people the freedom to decide things and take responsibility for themselves.






29. Regular fluctuations in overall economic activity over time.






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






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






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






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






34. Intangible assets - the legal field relating to copyright - trademarks - patents and related rights.






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






36. The percentage of a household's income that is saved.






37. A sign or symbol used by a company such as the Nike swish logo which is protected by law.






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






39. The support of a cause.






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






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






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






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






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






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






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






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






48. A product which sells less often than other products (thus staying on the shelf longer and keeping it warm).






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






50. Confederation of British Industry