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






2. A cost that rises or falls depending on how much is produced






3. The total of units multiplied by the price






4. The info collected from a survey and the figures generated through statistical analysis






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






6. 3am or 4am when most people are in a deep sleep.






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






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






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






10. The number you are dividing by






11. V = 1/3 pir2h






12. The variable of the percentage formula that represents a part of the base.






13. A loan






14. Total amount before another amount is added or subtracted






15. The final figures






16. Parts of a whole number






17. Compares two numbers or quantities by using division.






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






19. Per annum - yearly






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






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






22. V = e 3






23. The number by which a dividend is divided






24. Commission fee - inflation rate - capital gains tax






25. Multiply cross products to solve (top x bottom = top x bottom)






26. The interest amount is small - but you are guaranteed to get something






27. Interest is paid once a year






28. The unexpected variablility of returns






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






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






31. A written form listing the specific characteristics of a product that is to be purchased from a supplier.






32. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.






33. Shows the money coming in and expenses for a certain period of time.






34. To not spend






35. A decrease in price or value






36. Suggested Retail Price






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






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






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






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






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






42. Two equivalent ratios joined by an equal sign.






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






44. Get temporarily






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






46. The new percent obtained by subtracting the change percent from 100%.






47. One thousand grams - thousand






48. Inside numbers in a ratio.






49. Paid dividends after the preference shares have been paid






50. Share of the profits of a company