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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. V = pir2h






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






3. First term in a ratio.






4. Part ownership in a company






5. Cash + receivables/ current liabilities.






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






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






8. Paid in full






9. The point at which you stop losing money.






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






11. An item of data that has a different value at different times






12. Accounts receivable/ average daily sales






13. To take away from the original cost of something






14. The lowest number in a group of data






15. Costs that fluctuate






16. The amount the property is worth at the end of the lease






17. Outside numbers in a ratio.






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






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






20. Total amount before another amount is added or subtracted






21. Commission fee - inflation rate - capital gains tax






22. The borrower






23. The part of a fraction above the line - which tells how many parts are being counted.






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






25. 0.01 - 1/100 - hundredth






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






27. V = e 3






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






29. The first number






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






31. The interest amount is small - but you are guaranteed to get something






32. One thousand grams - thousand






33. Amounts of money you owe






34. Deciding if its worth the risk






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






36. A statement made about the future






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






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






39. Tenth - .1






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






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






42. Interest calculated on the principle






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






44. A measure of how many times the value of the inventory is sold in one year.






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






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






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






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






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






50. Scaling factor based on yield







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Can you answer 50 questions in 15 minutes?


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