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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. 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.






2. The quantity of goods of a certain kind that a country allows to be imported (without restriction or extra taxes).






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






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






5. A period of very high economic activity.






6. Something that is required by law.






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






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






9. Patterns of relationships between different groups of society.






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






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






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






13. The money a state earns via taxation.






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






15. Usually software where the source code is made freely available for all users to change as they see fit.






16. 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.






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






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






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






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






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






22. Distribution of anything for use - including time or money.






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






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






25. Obstacles to international trade based on customs tariffs.






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






27. Machine for processing sales - giving change in a shop or restaurant.






28. Ability to continue for a long time - involving the use of natural products and energy not harmful to the environment.






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






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






31. A storeroom where items which cannot be put on display are stored.






32. The rate of interest at which US banks lend money to their best corporate customers.






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






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






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






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






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






38. Announcing that a product is for sale - trying to persuade customers to buy a product or service.






39. Something which is a copy or imitation.






40. A voluntary sector or charity sector organization.






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






42. Something that is bought without being planned for.






43. When a customer regularly uses a store they know - like and trust.






44. A test or way of measuring something.






45. The support of a cause.






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






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






48. Electronic Data Interchange - a computerised system to allow retailers and suppliers to exchange information about stock levels - delivery times - unit prices etc.






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






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