Test your basic knowledge |

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. Discounts offered to encourage customers to pay their bills on time






2. Thousandth






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






4. Paid in full






5. The depreciation of an asset as an expense






6. 0.01 - 1/100 - hundredth






7. The final figures






8. V = pir2h






9. Scaling factor based on yield






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






11. A portion of the population being studied






12. Outside numbers in a ratio.






13. A number to be divided by another number






14. Two equivalent ratios joined by an equal sign.






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






16. When two ratios are equal






17.






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






19. Interest is paid four times a year






20. Accounts receivable/ average daily sales






21. Interest is paid once a year






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






23. Liable to perish






24. Provide a specific dividend that is paid before any dividends are paid to common stock holders






25. Preference and common






26. The owner of the property






27. Interest calculated on the principal plus any accumulated interest






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






29. The majority of the early payments go toward paying the interest on the loan






30. The number by which a dividend is divided






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






32. Tenth - .1






33. Get temporarily






34. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)






35. Total amount before another amount is added or subtracted






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






37. Part ownership in a company






38. You may get a large return or get nothing






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






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






41. Algebraic - arithmetic






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






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






44. A number calculated from sample data






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






46. V = e 3






47. Per day






48. Basic unit of volume in the metric system






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






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