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






2. Buying currency options that fix exchange rates for a period of time.






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






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






5. The way in which a company is controlled.






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






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






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






9. Electronic Point of Sale - performs all the tasks of a computerised checkout - storing details of a sale - adjusting stock levels - processing electronic payments etc.






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






11. Patterns of relationships between different groups of society.






12. Government policies to cool down an economy and prevent inflation during boom periods.






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






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






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






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






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






18. The gross domestic product in that year's prices i.e. nominal GDP does not account for inflation.






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






20. 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.






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






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






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






24. When budget spending exceeds revenue.






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






26. A government-imposed tax on imports.






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






28. The rare situation when budget spending is smaller than revenue.






29. Something that is bought without being planned for.






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






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






32. Organization for Economic Cooperation and Development






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






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






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






36. An extremely adverse environmental condition.






37. Regulations that mean permission from the government is required before certain items can be exported.






38. World Trade Organization - governing body that establishes worldwide rules for trade and commerce.






39. Obstacles to international trade other than tariffs.






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






41. The sum of money invested in new or additional equipment.






42. A period of decline in economic activity.






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






44. Obstacles to international trade based on customs tariffs.






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






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






47. Fast Moving Consumer Goods - frequently purchased consumer items such as foods - cleaning products and toiletries.






48. 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.






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






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






Can you answer 50 questions in 15 minutes?



Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests