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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. Money earned on an investment or paid on a loan






2. Liable to perish






3. The score that falls in the middle






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






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






6. Per annum - yearly






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






8. Identifies short-term activities to implement strategic plans






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






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






11. Get temporarily






12. Used often by business management to analyze the financial position of the business.






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






14. Interest is paid twice a year






15. A series of discounts






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






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






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






19. Algebraic - arithmetic






20. The number you are dividing by






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






22. 1 ounce or less per guest






23. Costs that remain constant






24. The total of units multiplied by the price






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






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






27. The point at which you stop losing money.






28. Non-payment






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






30. The final figures






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






32. Shows the money coming in and expenses for a certain period of time.






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






34. Outside numbers in a ratio.






35. V = pir2h






36. A bill






37. Total annual sales/365






38. Interest calculated on the principal plus any accumulated interest






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






40. One thousand grams - thousand






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






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






43. A comparison of two numbers






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






45. When several percentages occur in successions.






46. A metric unit of weight equal to one thousandth of a kilogram






47. Compares two numbers or quantities by using division.






48. Parts of a whole number






49. A statement made about the future






50. 3am or 4am when most people are in a deep sleep.