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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. Liable to perish






2. Allows you to buy merchandise from a supplier and pay at a later - specified date.






3. Total annual sales/365






4. The original cost of an item






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






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






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






8. The divisor of a fraction






9. Parts of a whole number






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






11. You may get a large return or get nothing






12. 1 ounce or less per guest






13. Discounts offered to encourage customers to pay their bills on time






14. 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






15. Percentage of the list price.






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






17. The interest amount is small - but you are guaranteed to get something






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






19. Second term in a ratio.






20. To not spend






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






22. The smallest number - other than zero - that can be the denominator for two or more common fractions






23. Number calculated from population data






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






25. Interest is paid twice a year






26. A statement made about the future






27. Turning assets into cash.






28. Share of the profits of a company






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






30. A comparison of two numbers






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






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






33. The lowest number in a group of data






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






35. Interest calculated on the principal plus any accumulated interest






36. A decimal system of weights and measures based on the meter and the kilogram and the second






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






38. Simple and compound






39. The lender






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. Deciding if its worth the risk






42. The borrower






43. The point at which you stop losing money.






44. The number of sales / number of covers






45. Things you own






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






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






48. Per annum - yearly






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






50. Algebraic - arithmetic