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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. A number to be divided by another number






2. The length of the loan






3. Cash + receivables/ current liabilities.






4. A number calculated from sample data






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






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






7. Commission fee - inflation rate - capital gains tax






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






9. One thousand grams - thousand






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






11. Total annual sales/365






12. V = pir2h






13. Scaling factor based on yield






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






15. Paid dividends after the preference shares have been paid






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






17. The majority of the early payments go toward paying the interest on the loan






18.






19. A chart showing the lines of responsibility between departments of a large organization






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






21. The highest number in a group of data






22. Interest calculated on the principle






23. Of one hundred






24. The final figures






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






26. Non-payment






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






28. Accounts receivable/ average daily sales






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






30. A comparison of two numbers






31. Deciding if its worth the risk






32. Second term in a ratio.






33. Interest is paid twelve times a year






34. # of servings of an item / total number of servings of all items in that category each day






35. Turning assets into cash.






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






37. Compares two numbers or quantities by using division.






38. V = 1/3 pir2h






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






40. You may get a large return or get nothing






41. Number calculated from population data






42. Simple and compound






43. Preference and common






44. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern






45. Electronic - portable (pocket) - computer - spreadsheets






46. Parts of a whole number






47. The amount of money borrowed is less than 75% of the purchase price






48. Total fixed costs/ selling price-variable cost






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






50. A decrease in price or value