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






2. V=lwh






3. 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






4. Real estate (houses - condos - warehouses - factories - etc)






5. Loans to companies or goverments (no voting rights)






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






7. The final figures






8. A person who is tricked or swindled






9. End of month.






10. Security for a loan






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






12. The point at which you stop losing money.






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






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






15. 1 ounce or less per guest






16. Simple and compound






17. Part ownership in a company






18. When several percentages occur in successions.






19. Inside numbers in a ratio.






20. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .






21. The lowest number in a group of data






22. Accounts receivable/ average daily sales






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






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






25. The number you are dividing by






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






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






28. Second term in a ratio.






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






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






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






32. Algebraic - arithmetic






33. Adding columns of figures horizontally and vertically to check that the totals agree






34. First term in a ratio.






35. Interest calculated on the principle






36. A bill






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






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






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






40. Turning assets into cash.






41. The borrower






42. Liable to perish






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






44. Commission fee - inflation rate - capital gains tax






45. Compares two numbers or quantities by using division.






46. A written form listing the specific characteristics of a product that is to be purchased from a supplier.






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






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






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






50. Two equivalent ratios joined by an equal sign.






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