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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. When the exports a country makes exceed the imports.






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






3. 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.






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






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






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






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






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






9. Anyone who has an interest in the success of an organization - e.g. the owner - employees - shareholders.






10. A country's exports minus its imports.






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






12. 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.






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






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






15. An imitation of a product made with the intent to defraud a customer.






16. The way in which a company is controlled.






17. A period of shrinking economic activity.






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






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






20. A reduction in the selling price of an item in order to increase sales.






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






22. A pricing strategy when a retailer tries to sell lots of products using low prices - high stock levels - extensive advertising etc.






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






24. Volunteer organization for young - disadvantaged Americans.






25. The variety of goods that a retailer sells.






26. A computerised stock-control system which reorders stock automatically when it reaches a certain level.






27. Obstacles to international trade based on customs tariffs.






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






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






30. An individual or company buying from someone.






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






32. Patterns of relationships between different groups of society.






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






34. Consumer goods that have a long life span - e.g. furniture.






35. 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.






36. Meeting accepted guidelines or laws.






37. Regular fluctuations in overall economic activity over time.






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






39. When one company controls a certain market - e.g. British Telecom had a monopoly in the UK telephone market.






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






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






42. The skills and knowledge needed to start and run a company.






43. The support of a cause.






44. 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.






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






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






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






48. A test or way of measuring something.






49. Trade Union Congress.






50. The amount of money a person has left after paying taxes and buying necessities.