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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. Tenth - .1






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






3. Costs that fluctuate






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






5. A complete set of individuals - objects or scores being studied






6. Something that is expected to return a profit






7. A comparison of two numbers






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






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






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






11. When two ratios are equal






12. Interest calculated on the principal plus any accumulated interest






13. Total annual sales/365






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






15. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized






16. V=lwh






17. Two equivalent ratios joined by an equal sign.






18. To not spend






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






20. Liable to perish






21. Number calculated from population data






22. Commission fee - inflation rate - capital gains tax






23. The owner of the property






24. V = e 3






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






26. Interest is paid four times a year






27. A statement made about the future






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






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






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






31. The property of having material worth (often indicated by the amount of money something would bring if sold)






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






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






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






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






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






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






38. 3am or 4am when most people are in a deep sleep.






39. Percentage of the list price.






40. When several percentages occur in successions.






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






42. The price after any down-payment or trade-in






43. The borrower






44. An inventory costing method that assigns the most recent costs to ending inventory






45.






46. Basic unit of volume in the metric system






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






48. The length of time until the debt is zero






49. The unexpected variablility of returns






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







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