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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. V = e 3






2. The final figures






3. Part ownership in a company






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






5. Basic unit of volume in the metric system






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






7. Algebraic - arithmetic






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






9. Costs that fluctuate






10. A person who is tricked or swindled






11. Suggested Retail Price






12. 0.01 - 1/100 - hundredth






13. Turning assets into cash.






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






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






16. The lowest number in a group of data






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






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






19. To take away from the original cost of something






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






21. Tenth - .1






22. A measure of how many times the value of the inventory is sold in one year.






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






24. A metric unit of weight equal to one thousandth of a kilogram






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






26. Per day






27. The borrower






28. The highest number in a group of data






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






30. An item of data the stays the same






31. Paid in full






32. Parts of a whole number






33. Interest calculated on the principle






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






35. Identifies short-term activities to implement strategic plans






36. The number you are multipliying by






37. Way to measure amount of product shrinkage during cooking/roasting process






38. A statement made about the future






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






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






41. Investing in a well-established company






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






43. A series of discounts






44. V = pir2h






45. Interest calculated on the principal plus any accumulated interest






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






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






48. Percentage of the list price.






49. Direct materials cost plus direct labor cost.






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