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






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






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






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






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






6. A tax imposed on imports by the customs authority of a country.






7. When budget spending exceeds revenue.






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






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






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






11. Something that is bought without being planned for.






12. A small owner-operated store serving a local community.






13. The hub of retailing in a city - where the most office buildings and retail stores are.






14. The violation of a law or right.






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






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






17. An extremely adverse environmental condition.






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






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






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






21. An individual or company buying from someone.






22. Patterns of relationships between different groups of society.






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






24. When a price has been cut.






25. A reduction in price offered when buying an item in higher quantities.






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






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






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






29. Trade Union Congress.






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






31. A collection of shops under one roof with a shared entrance and food area.






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






33. North American Free Trade Agreement - trade agreement between the USA - Canada and Mexico.






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






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






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






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






38. When the imports into a country exceed the exports going out of a country.






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






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






41. 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.






42. A period of shrinking economic activity.






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






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






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






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






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






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






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






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