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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. V = 1/3 pir2h






2. Property other than real estate (often called a chattel mortgage)






3. The total of units multiplied by the price






4. Interest is paid twice a year






5.






6. Number calculated from population data






7. Security for a loan






8. Commission fee - inflation rate - capital gains tax






9. When several percentages occur in successions.






10. The new percent obtained by subtracting the change percent from 100%.






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






12. A portion of the population being studied






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






14. Get temporarily






15. Scaling factor based on yield






16. Interest is paid twelve times a year






17. A comparison of two numbers






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






19. An item of data that has a different value at different times






20. 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.






21. Total fixed costs/ selling price-variable cost






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






23. Per day






24. The number by which a dividend is divided






25. Share of the profits of a company






26. Direct materials cost plus direct labor cost.






27. 1 ounce or less per guest






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






29. A statement made about the future






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






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






32. A decrease in price or value






33. The part of a fraction above the line - which tells how many parts are being counted.






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






35. To take away from the original cost of something






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






37. A percentage discount to customers






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






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






40. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers






41. Total annual sales/365






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






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






44. Interest calculated on the principal plus any accumulated interest






45. The divisor of a fraction






46. Preference and common






47. Something that is expected to return a profit






48. Amounts of money you owe






49. V = e 3






50. The most frequently occuring value in a group of data