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






2. Part ownership in a company






3. Time worked beyond the established working hours






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






5. A comparison of two numbers






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






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






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






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






10. The score that falls in the middle






11. Number calculated from population data






12. N. items or materials needed for something such as a business - expedition - or vessel






13. V = e 3






14. Thousandth






15. 0.01 - 1/100 - hundredth






16. Commission fee - inflation rate - capital gains tax






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






18. Manages; guides; controls; commands; tells or shows the way






19. Way to measure amount of product shrinkage during cooking/roasting process






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






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






22. Interest calculated on the principle






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






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






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






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






27. Costs that remain constant






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






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






30. A loan






31. Shows the assets - liabilities and financial position of the company






32. The borrower






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






34. Per day






35. A percentage discount for buyers associated with the products being sold






36. Current assets/ current liabilities






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






38. A bill






39. The unexpected variablility of returns






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






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






42. First term in a ratio.






43. The length of time until the debt is zero






44. Of one hundred






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






46. Turning assets into cash.






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






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






49. Amounts of money you owe






50. Interest is paid twelve times a year