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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 chart that shows the balance of the mortgage after each amortization period






2. Shows the assets - liabilities and financial position of the company






3. Inside numbers in a ratio.






4. A person who is tricked or swindled






5. To not spend






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






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






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






9. The divisor of a fraction






10. Number calculated from population data






11. A percentage discount to customers






12. The original cost of an item






13. A number to be divided by another number






14. Investing in a well-established company






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






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






17. The person paying to borrow property for a certain amount of time for payments






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






19. Interest is paid twice a year






20. Costs that remain constant






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






22. The number to be divided by






23. The depreciation of an asset as an expense






24. Shows the money coming in and expenses for a certain period of time.






25. Identifies short-term activities to implement strategic plans






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






27. The highest number in a group of data






28. Basic unit of volume in the metric system






29. One thousand grams - thousand






30. Interest is paid once a year






31. Paid dividends after the preference shares have been paid






32. A bill






33. A number calculated from sample data






34. A portion of the population being studied






35. You may get a large return or get nothing






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






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






38. Non-payment






39. To take away from the original cost of something






40. A measure of how many times the value of the inventory is sold in one year.






41. The number you are multipliying by






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






43. V = e 3






44. The length of time until the debt is zero






45. When two ratios are equal






46. Total amount before another amount is added or subtracted






47. The total of units multiplied by the price






48. 3am or 4am when most people are in a deep sleep.






49. Money given to someone on condition the person will return the money and interest by a specific date






50. Tenth - .1






Can you answer 50 questions in 15 minutes?



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