Test your basic knowledge |

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 first number






2. A measure of the number of days needed to collect accounts receivable.






3. Outside numbers in a ratio.






4. Inside numbers in a ratio.






5. 3am or 4am when most people are in a deep sleep.






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






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






8. The unexpected variablility of returns






9. Thousandth






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






11. Interest is paid once a year






12. The process of repossessing and selling the real or personal property when the borrower has defaulted






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






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






15. Compares two numbers or quantities by using division.






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






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






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






19. A number to be divided by another number






20. Interest is paid twelve times a year






21. Commission fee - inflation rate - capital gains tax






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






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






24. Cash or assets that can quickly be converted into cash.






25. The info collected from a survey and the figures generated through statistical analysis






26. The divisor of a fraction






27. A comparison of two numbers






28. Identifies short-term activities to implement strategic plans






29. When two ratios are equal






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






31. A loan






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






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






34. Security for a loan






35. Adding columns of figures horizontally and vertically to check that the totals agree






36. The number of sales / number of covers






37. The borrower






38. To not spend






39.






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






41. Second term in a ratio.






42. The variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.






43. Scaling factor based on yield






44. Preference and common






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






46. The final figures






47. Paid in full






48. Special hours of work regulations in several industries exempt or set different standards for certain employees






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






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