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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 less than 75% of the purchase price






2. Cost of the an item/# of portions it contains.






3. Total annual sales/365






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






5. The first number






6. Things you own






7. Paid in full






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






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






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






11. Interest is paid once a year






12. Algebraic - arithmetic






13. The highest number in a group of data






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






15. Something that is expected to return a profit






16. Accounts receivable/ average daily sales






17. The owner of the property






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






19. Costs that remain constant






20. A comparison of two numbers






21. Indicators of the confidence investors have in a company (the higher the better)






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






23. The number of sales / number of covers






24. A number to be divided by another number






25. The number you are multipliying by






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






27. Liable to perish






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






29. Suggested Retail Price






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






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






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






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






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






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






36. Tenth - .1






37. The money paid to an employee based on a percentage of their sales






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






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






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






41. Inside numbers in a ratio.






42. Interest is paid twelve times a year






43. To not spend






44. A percentage discount to customers






45. First term in a ratio.






46. Thousandth






47. Basic unit of volume in the metric system






48. A series of discounts






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






50. V=lwh