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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. Costs that fluctuate






2. The length of time until the debt is zero






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






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






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






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






7. Part ownership in a company






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






9. Sheet that lists all menu items that are going - to be prepared for a given date






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






11. Amount of money coming in and going out of your business monthly






12. Two equivalent ratios joined by an equal sign.






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






14. 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






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






16. An item of data the stays the same






17. When several percentages occur in successions.






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






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






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






21. A percentage discount to customers






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






23. (simple average) adding the group of items and dividing by the total number of items






24. Interest is paid twelve times a year






25. The length of the loan






26. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)






27. Something that is expected to return a profit






28. A bill






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






30. Compares two numbers or quantities by using division.






31. Basic unit of volume in the metric system






32. Security for a loan






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






34. When two ratios are equal






35. You may get a large return or get nothing






36. Per annum - yearly






37. The unexpected variablility of returns






38. Share of the profits of a company






39. A number to be divided by another number






40. The total of units multiplied by the price






41. The divisor of a fraction






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






43. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.






44. V=lwh






45. V = pir2h






46. Cash + receivables/ current liabilities.






47. Commission fee - inflation rate - capital gains tax






48. Interest is paid twice a year






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






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







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Can you answer 50 questions in 15 minutes?


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