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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. 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.






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






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






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






5. A voluntary sector or charity sector organization.






6. Process of communicating back and forth until an agreement has been reached.






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






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






9. Something that is required by law.






10. Obstacles to international trade based on customs tariffs.






11. Patterns of relationships between different groups of society.






12. A card payment system where the cost of goods or services is immediately removed from a bank account.






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






14. The checking - ordering & processing of stock levels.






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






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






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






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






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






20. How companies try to show their products as being different from those of their rivals.






21. 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.






22. A shop or store.






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






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






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






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






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






28. Obstacles to international trade other than tariffs.






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






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






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






32. When a company reduces their output during a recession they have excess or idle capacity.






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






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






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






36. A period of economic expansion.






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






38. The money a state earns via taxation.






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






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






41. 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.






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






43. Meeting accepted guidelines or laws.






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






45. A retail outlet.






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






47. 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.






48. The increasing capacity of an economy to satisfy the material wants of its members; period of expansion.






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






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