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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. You may get a large return or get nothing






2. Number calculated from population data






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






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






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






6. Share of the profits of a company






7. A statement made about the future






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






9. Interest is paid four times a year






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






11. Paid dividends after the preference shares have been paid






12. Keeping budgeted costs as close as possible to actual costs.






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






14. The length of time until the debt is zero






15. Parts of a whole number






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






17. 3am or 4am when most people are in a deep sleep.






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






19. To take away from the original cost of something






20. The first number






21. End of month.






22. One thousand grams - thousand






23. The number to be divided by






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






25. The number by which a dividend is divided






26. The lender






27. Two equivalent ratios joined by an equal sign.






28. Preference and common






29. The money paid to an employee based on a percentage of their sales






30. A comparison of two numbers






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






32. Percentage of the list price.






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






34. An itemized statement of money owed for goods shipped or services rendered






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






36. Scaling factor based on yield






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






38. A decrease in price or value






39. A number calculated from sample data






40. First term in a ratio.






41. Current assets/ current liabilities






42. Multiply cross products to solve (top x bottom = top x bottom)






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






44.






45. Part ownership in a company






46. A percentage discount to customers






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






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






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






50. Deciding if its worth the risk