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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. You may get a large return or get nothing






2. The number you are multipliying by






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






4. When two ratios are equal






5. Parts of a whole number






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






7. End of month.






8. Security for a loan






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






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






11. Time worked beyond the established working hours






12. Property other than real estate (often called a chattel mortgage)






13. A series of discounts






14. The highest number in a group of data






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






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






17. Get temporarily






18. Outside numbers in a ratio.






19. Costs that fluctuate






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






21. The final figures






22. The amount of money borrowed is less than 75% of the purchase price






23. A statement made about the future






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






25. The lender






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






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






28. The number of sales / number of covers






29. The lowest number in a group of data






30. A way of expressing a change from an original amount to a new amount without using a percentage sign.






31. Interest is paid four times a year






32. When several percentages occur in successions.






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






34. Paid dividends after the preference shares have been paid






35. Something that is expected to return a profit






36. V = e 3






37. A comparison of two numbers






38. Compares two numbers or quantities by using division.






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






40. The number by which a dividend is divided






41. Total annual sales/365






42. Second term in a ratio.






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






44. Interest is paid twelve times a year






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






46. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.






47. The person paying to borrow property for a certain amount of time for payments






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






49. To not spend






50. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized