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






2. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units






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






4. Algebraic - arithmetic






5. The number by which a dividend is divided






6. A chart that shows the balance of the mortgage after each amortization period






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






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






9. Percentage of the list price.






10. Deciding if its worth the risk






11. The final figures






12. Interest is paid twelve times a year






13. Amounts of money you owe






14. Parts of a whole number






15. The first number






16. A bill






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






18. The lender






19. To not spend






20. A cost that does not change - no matter how much of a good is produced






21. V = 1/3 pir2h






22. Accounts receivable/ average daily sales






23. A portion of the population being studied






24. A cost that rises or falls depending on how much is produced






25. Share of the profits of a company






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






27. A percentage discount to customers






28. Current assets/ current liabilities






29. The number you are dividing by






30. Something that is expected to return a profit






31. Amount of money coming in and going out of your business monthly






32. Cost of the an item/# of portions it contains.






33. Of one hundred






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






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






36. Used when the each piece of data has more than one component






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






38. 0.01 - 1/100 - hundredth






39. A metric unit of weight equal to one thousandth of a kilogram






40. Non-payment






41. Total annual sales/365






42. Second term in a ratio.






43. A statement made about the future






44. Scaling factor based on yield






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






46. The highest number in a group of data






47. The depreciation of an asset as an expense






48. Investing in a well-established company






49.






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







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Can you answer 50 questions in 15 minutes?


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