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






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






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






5. Focusing on a more specific line of products or services in comparison to competitors.






6. Financial aid by the government to an individual or group to support an activity that is in the public interest.






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






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






9. A period of shrinking economic activity.






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






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






12. The money a state earns via taxation.






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






14. A way of measuring performance by comparing a company to similar ones.






15. Volunteer organization for young - disadvantaged Americans.






16. The support of a cause.






17. The number of times during a period a business sells its inventory and replaces it.






18. A period of decline in economic activity.






19. When a customer regularly uses a store they know - like and trust.






20. Something that is required by law.






21. The variety of goods that a retailer sells.






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






23. When a private company provides a public service in agreement with a government or council.






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






25. Regular fluctuations in overall economic activity over time.






26. A period of economic expansion.






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






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






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






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






31. A shop or store.






32. Obstacles to international trade based on customs tariffs.






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






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






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






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






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






38. Retail Price Index - UK measure of the changes in the prices of a basket of typical consumer goods.






39. The total amount of money in circulation in a country.






40. Organization for Economic Cooperation and Development






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






42. When budget spending exceeds revenue.






43. 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.






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






45. A government-imposed tax on imports.






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






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






48. Distribution of anything for use - including time or money.






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






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