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






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






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






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






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






6. Money which is spent on construction - land - machinery etc which has an expected working life of more than one year - investments in the future of a business.






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






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






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






10. Confederation of British Industry






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






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






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






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






15. Top rating for bonds of the highest quality. Awarded by the main rating agencies: Standard & Poor's - Moody's and Fitch.






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






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






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






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






20. Selling items to a customer directly - for example via telephone - without a store being involved in the process.






21. 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.






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






23. Goods bought and used by companies - such as machines. Also known as capital goods.






24. The difference between merchandise costs and retail selling price.






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






26. The money a state earns via taxation.






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






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






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






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






31. A period of decline in economic activity.






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






33. Regular fluctuations in overall economic activity over time.






34. Hiring an external company to perform tasks for a company and reduce costs.






35. When a price has been cut.






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






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






38. The total sum of goods and services in demand.






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






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






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






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






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






44. Obstacles to international trade other than tariffs.






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






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






47. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






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






49. Something that is required by law.






50. The different layers within a society e.g. class - income - education.