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






2. Things that reduce stock levels like shoplifting - employee theft or vendor fraud.






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






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






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






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






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






8. Agreement that provided the basis for the formation of the European Union.






9. Someone who does something without being paid for it - e.g. working for a charity.






10. When a small number of companies control a certain market.






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






12. The way in which a company is controlled.






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






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






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






16. Something which is a copy or imitation.






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






18. Regular fluctuations in overall economic activity over time.






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






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






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






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






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






24. A voluntary sector or charity sector organization.






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






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






27. 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.






28. An extremely adverse environmental condition.






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






30. A period of very high economic activity.






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






32. A sign or symbol used by a company such as the Nike swish logo which is protected by law.






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






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






35. Obstacles to international trade based on customs tariffs.






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






37. The legal right of the owner of a work over its control and distribution.






38. The resources used to produce goods and services - including land - labour - business and capital.






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






40. A shop or store.






41. Patterns of relationships between different groups of society.






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






43. Non-Governmental Organisations e.g. Greenpeace - Amnesty International - UNICEF.






44. The support of a cause.






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






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






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






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






49. When budget spending exceeds revenue.






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







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Can you answer 50 questions in 15 minutes?


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