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






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






3. Of one hundred






4. The total of units multiplied by the price






5. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.






6. Real estate (houses - condos - warehouses - factories - etc)






7. The length of the loan






8. An item of data the stays the same






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






10. An inventory costing method that assigns the most recent costs to ending inventory






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






12. Inside numbers in a ratio.






13. The point at which you stop losing money.






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






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






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






17. The point where income and expenses intersect (no loss or profit)






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






19.






20. Part ownership in a company






21. Interest is paid twelve times a year






22. Interest is paid four times a year






23. One thousand grams - thousand






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






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






26. Will not decay or rot






27. The first number






28. Paid dividends after the preference shares have been paid






29. The number by which a dividend is divided






30. V=lwh






31. When several percentages occur in successions.






32. The number to be divided by






33. Two equivalent ratios joined by an equal sign.






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






35. 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.






36. Interest is paid 365 times a year






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






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






39. The part of a fraction above the line - which tells how many parts are being counted.






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






41. Basic unit of volume in the metric system






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






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






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






45. Preference and common






46. Current assets/ current liabilities






47. Costs that remain constant






48. The divisor of a fraction






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






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







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Can you answer 50 questions in 15 minutes?


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