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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. A cost that does not change - no matter how much of a good is produced






2. The variable of the percentage formula that represents a part of the base.






3. An item of data the stays the same






4. Loans to companies or goverments (no voting rights)






5. Interest is paid once a year






6. Second term in a ratio.






7. Used often by business management to analyze the financial position of the business.






8. Manages; guides; controls; commands; tells or shows the way






9. Provide a specific dividend that is paid before any dividends are paid to common stock holders






10. V = 1/3 pir2h






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






12. Two equivalent ratios joined by an equal sign.






13. The amount that can actually be eaten - after trimming and cooking






14. Per day






15. A series of discounts






16. Inside numbers in a ratio.






17. More than one frequently occuring value in a group of data






18. The amount of money borrowed is less than 75% of the purchase price






19. Algebraic - arithmetic






20.






21. A chart showing the lines of responsibility between departments of a large organization






22. Cost associated with fixed expenses such as rent - debt service and administration.






23. Deciding if its worth the risk






24. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand






25. Turning assets into cash.






26. Total amount before another amount is added or subtracted






27. Amount of money coming in and going out of your business monthly






28. The unexpected variablility of returns






29. Suggested Retail Price






30. The total of units multiplied by the price






31. A loan






32. Discounts offered to encourage customers to pay their bills on time






33. (simple average) adding the group of items and dividing by the total number of items






34. Accounts receivable/ average daily sales






35. A contract giving someone the right to use something for a certain length of time






36. Interest is paid four times a year






37. A number to be divided by another number






38. The first number






39. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .






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






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






42. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)






43. The property of having material worth (often indicated by the amount of money something would bring if sold)






44. Outside numbers in a ratio.






45. A paper that entitles the holder to a discount on a particular item






46. Keeping budgeted costs as close as possible to actual costs.






47. Investing in a well-established company






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






49. Security for a loan






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