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DSST Business Math Vocab

  • Answer 50 questions in 15 minutes.
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  • 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. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units

2. Real estate (houses - condos - warehouses - factories - etc)

3. The number you are multipliying by

4. A complete set of individuals - objects or scores being studied

5. A number calculated from sample data

6. The smallest number - other than zero - that can be the denominator for two or more common fractions

7. A percentage discount for buyers associated with the products being sold

8. Electronic - portable (pocket) - computer - spreadsheets

9. Commission fee - inflation rate - capital gains tax

10. The first number

11. Identifies short-term activities to implement strategic plans

12. The lender

13. Will not decay or rot

14. The score that falls in the middle

15. The number of sales / number of covers

16. To not spend

17. Where info is collected for every unit of the population

18. Number calculated from population data

19. V = 1/3 pir2h

20. Total amount before another amount is added or subtracted

21. Allows you to buy merchandise from a supplier and pay at a later - specified date.


23. Detailed instructions describing the way a particular foodservice operation prepares a particular dish

24. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.

25. Money charged by the government and added to the original price of an item

26. The price after any down-payment or trade-in

27. N. items or materials needed for something such as a business - expedition - or vessel

28. Indicators of the confidence investors have in a company (the higher the better)

29. Used when the each piece of data has more than one component

30. A loan

31. Systematic recording of all sales achieved during a predetermined time period

32. 0.01 - 1/100 - hundredth

33. The final figures

34. Money earned on an investment or paid on a loan

35. Two equivalent ratios joined by an equal sign.

36. The amount of money borrowed is between 75% - 95% of the purchase price

37. The original cost of an item

38. Security for a loan

39. Investing in a well-established company

40. An itemized statement of money owed for goods shipped or services rendered

41. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.

42. The money paid to an employee based on a percentage of their sales

43. The variable of the percentage formula that represents 100% - or the whole thing.

44. Costs that fluctuate

45. First term in a ratio.

46. A way of expressing a change from an original amount to a new amount without using a percentage sign.

47. V = pir2h

48. Interest calculated on the principal plus any accumulated interest

49. The depreciation of an asset as an expense

50. The part of a fraction above the line - which tells how many parts are being counted.