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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. When several percentages occur in successions.






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






3. A bill






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






5. Interest is paid once a year






6. The first number






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






8. First term in a ratio.






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






10. Scaling factor based on yield






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






12. The borrower






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






14. A cost that does not change - no matter how much of a good is produced






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






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






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






18. The number you are multipliying by






19. Parts of a whole number






20. The divisor of a fraction






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






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






23. 1 ounce or less per guest






24. When two ratios are equal






25. The highest number in a group of data






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






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






28. The owner of the property






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






30. The original cost of an item






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






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






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






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






35. The final figures






36. A comparison of two numbers






37. Identifies short-term activities to implement strategic plans






38. A percentage discount to customers






39. The unexpected variablility of returns






40. 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.






41. Allows you to buy merchandise from a supplier and pay at a later - specified date.






42. End of month.






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






44. Get temporarily






45. The amount of money borrowed is less than 75% of the purchase price






46. The total of units multiplied by the price






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






48. Algebraic - arithmetic






49. Number calculated from population data






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







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