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DSST Business Math Vocab

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. 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.






22.






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.