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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. The length of the loan






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






3.






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






5. Be sufficient to meet - defray - or offset the charge or cost of






6. You may get a large return or get nothing






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






8. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized






9. Part ownership in a company






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






11. Multiply cross products to solve (top x bottom = top x bottom)






12. The owner of the property






13. A series of discounts






14. Paid in full






15. The point where income and expenses intersect (no loss or profit)






16. A statement made about the future






17. When several percentages occur in successions.






18. Interest calculated on the principle






19. Total fixed costs/ selling price-variable cost






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






21. The divisor of a fraction






22. A decrease in price or value






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






24. 0.01 - 1/100 - hundredth






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






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






27. End of month.






28. Paid dividends after the preference shares have been paid






29. The interest amount is small - but you are guaranteed to get something






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






31. The unexpected variablility of returns






32. A written form listing the specific characteristics of a product that is to be purchased from a supplier.






33. Commission fee - inflation rate - capital gains tax






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






35. The price paid after the trade discount has been subtracted.






36. One thousand grams - thousand






37. Will not decay or rot






38. Interest is paid four times a year






39. The lender






40. Deciding if its worth the risk






41. Way to measure amount of product shrinkage during cooking/roasting process






42. 1 ounce or less per guest






43. Two equivalent ratios joined by an equal sign.






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






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






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






47. Of one hundred






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






49. The number to be divided by






50. Get temporarily