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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 variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.






2. Used when the each piece of data has more than one component






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






4. A person who is tricked or swindled






5. Total fixed costs/ selling price-variable cost






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






7. The info collected from a survey and the figures generated through statistical analysis






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






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






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






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






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






13. Security for a loan






14. Non-payment






15. Parts of a whole number






16. The borrower






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






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






19. Commission fee - inflation rate - capital gains tax






20. A decrease in price or value






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






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






23. Algebraic - arithmetic






24. More than one frequently occuring value in a group of data






25. To take away from the original cost of something






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






27. 3am or 4am when most people are in a deep sleep.






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






29. Will not decay or rot






30. 0.01 - 1/100 - hundredth






31. The number by which a dividend is divided






32. The highest number in a group of data






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






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






35. The number to be divided by






36. A chart that shows the balance of the mortgage after each amortization period






37. Time worked beyond the established working hours






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






39. The length of time until the debt is zero






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






41. A comparison of two numbers






42. Manages; guides; controls; commands; tells or shows the way






43. Identifies short-term activities to implement strategic plans






44. The point at which you stop losing money.






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






46. One thousand grams - thousand






47. Two equivalent ratios joined by an equal sign.






48. Second term in a ratio.






49. Costs that fluctuate






50. A number to be divided by another number