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






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






3. Outside numbers in a ratio.






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






5.






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






7. A rate that one currency can be exchanged for another






8. Total fixed costs/ selling price-variable cost






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






10. 0.01 - 1/100 - hundredth






11. Loans to companies or goverments (no voting rights)






12. A number to be divided by another number






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






14. Time worked beyond the established working hours






15. A person who is tricked or swindled






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






17. You may get a large return or get nothing






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






19. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.






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






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






22. The final figures






23. Keeping budgeted costs as close as possible to actual costs.






24. An item of data the stays the same






25. Suggested Retail Price






26. Cash + receivables/ current liabilities.






27. The unexpected variablility of returns






28. Number calculated from population data






29. Commission fee - inflation rate - capital gains tax






30. The borrower






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






32. Of one hundred






33. The number by which a dividend is divided






34. A bill






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






36. Algebraic - arithmetic






37. Paid dividends after the preference shares have been paid






38. V = 1/3 pir2h






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






40. Percentage of the list price.






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






42. Money earned on an investment or paid on a loan






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






44. The lowest number in a group of data






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






46. The number you are dividing by






47. Paid in full






48. The length of the loan






49. Second term in a ratio.






50. The difference between the highest and lowest numbers in a set of data