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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. When an item is discounted or less than the original price






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






3. Outside numbers in a ratio.






4. Current assets/ current liabilities






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






6. Simple and compound






7. The amount of money borrowed is between 75% - 95% of the purchase price






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






9. A comparison of two numbers






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






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






12. Cash + receivables/ current liabilities.






13. The number you are multipliying by






14. Commission fee - inflation rate - capital gains tax






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






16. A bill






17. Parts of a whole number






18. Identifies short-term activities to implement strategic plans






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






20. A loan






21. Interest is paid once a year






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






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






24. Basic unit of volume in the metric system






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






26. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern






27. Number calculated from population data






28. Two equivalent ratios joined by an equal sign.






29. A person who is tricked or swindled






30. When several percentages occur in successions.






31. Turning assets into cash.






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






33. # of servings of an item / total number of servings of all items in that category each day






34. Paid in full






35. The unexpected variablility of returns






36. Amounts of money you owe






37.






38. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'






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






40. Paid dividends after the preference shares have been paid






41. Total annual sales/365






42. The majority of the early payments go toward paying the interest on the loan






43. The amount the property is worth at the end of the lease






44. Non-payment






45. A decimal figure when x by 2400 gives an approximate annual interest rate






46. 0.01 - 1/100 - hundredth






47. Of one hundred






48. V = e 3






49. Time worked beyond the established working hours






50. The lender