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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 purchase of a financial product or other item of value with the hope that it will become more valuable.






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






3. When the exports a country makes exceed the imports.






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






5. When a manager or politician only looks at the short term and does not consider the long term impact or benefits of a plan.






6. A retailing format that involves the coin- or card-operated dispensing of goods and services. It eliminates the use of sales personnel and allows around-the-clock sales.






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






8. Confederation of British Industry






9. Volunteer organization for young - disadvantaged Americans.






10. Machine for processing sales - taking payments - giving change. Also know as a cash register.






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






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






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






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






15. Over the Counter drug - a medication available directly at a drugstore without a doctor's prescription.






16. An individual or company buying from someone.






17. The money a state earns via taxation.






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






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






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






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






22. The support of a cause.






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






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






25. An area of land which has never been built on.






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






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






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






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






30. 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.






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






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






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






34. A retailer that concentrates on selling one particular type of good.






35. Sets of specific restraints imposed by governments on international trade.






36. An extremely adverse environmental condition.






37. Something which is a copy or imitation.






38. Obstacles to international trade based on customs tariffs.






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






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






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






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






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






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






45. The authority or agency responsible for controlling the movement of goods into and out of a country. Also the tax paid on goods imported into a country.






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






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






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






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






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