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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. To not spend






2. A loan






3. A number calculated from sample data






4. The total of units multiplied by the price






5. 0.01 - 1/100 - hundredth






6. Cash + receivables/ current liabilities.






7. Number calculated from population data






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






9. Second term in a ratio.






10. Two equivalent ratios joined by an equal sign.






11. A person who is tricked or swindled






12. Non-payment






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






14. A number to be divided by another number






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






16. Thousandth






17. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'






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






19. When two ratios are equal






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






21. The divisor of a fraction






22. The lowest number in a group of data






23. Things you own






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






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






26. The length of the loan






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






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






29. 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






30. Percentage of the list price.






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






32. The final figures






33. Special hours of work regulations in several industries exempt or set different standards for certain employees






34. End of month.






35. The number of sales / number of covers






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






37. To take away from the original cost of something






38. Paid in full






39. Inside numbers in a ratio.






40. Interest is paid 365 times a year






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






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






43. Amounts of money you owe






44. Interest is paid twice a year






45. Simple and compound






46. Electronic - portable (pocket) - computer - spreadsheets






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






48. Of one hundred






49. Deciding if its worth the risk






50. Interest calculated on the principle






Can you answer 50 questions in 15 minutes?



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