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






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






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






4. The lender






5. A decrease in price or value






6. The original cost of an item






7. Investing in a well-established company






8. Suggested Retail Price






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






10. Interest is paid twice a year






11. Non-payment






12. Something that is expected to return a profit






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






14. Compares two numbers or quantities by using division.






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






16. Identifies short-term activities to implement strategic plans






17. The number of sales / number of covers






18. Per day






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






20. You may get a large return or get nothing






21. The length of time until the debt is zero






22. Accounts receivable/ average daily sales






23. One thousand grams - thousand






24. Inside numbers in a ratio.






25. End of month.






26. V=lwh






27. V = e 3






28. Deciding if its worth the risk






29. Liable to perish






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






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






32. Interest is paid four times a year






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






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






35. The length of the loan






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






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






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






39. The borrower






40. Will not decay or rot






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






42. Interest is paid 365 times a year






43. A contract giving someone the right to use something for a certain length of time






44. The point at which you stop losing money.






45. Indicators of the confidence investors have in a company (the higher the better)






46. Paid dividends after the preference shares have been paid






47. Algebraic - arithmetic






48. V = 1/3 pir2h






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






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