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






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






3. The point at which you stop losing money.






4. Percentage of the list price.






5. A portion of the population being studied






6. A bill






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






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






9. Things you own






10. The score that falls in the middle






11. The number to be divided by






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






13. The length of time until the debt is zero






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






15. Interest is paid once a year






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






17. Per day






18. You may get a large return or get nothing






19. A statement made about the future






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






21. Interest is paid twice a year






22. The depreciation of an asset as an expense






23. Per annum - yearly






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






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






26. A person who is tricked or swindled






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






28. The number of sales / number of covers






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






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






31. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.






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






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






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






35. Cost of the an item/# of portions it contains.






36. Tenth - .1






37. Amounts of money you owe






38. The process of repossessing and selling the real or personal property when the borrower has defaulted






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






40. Commission fee - inflation rate - capital gains tax






41. Deciding if its worth the risk






42. Algebraic - arithmetic






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






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






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






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






47. Interest is paid 365 times a year






48. A percentage discount to customers






49.






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