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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. Loans to companies or goverments (no voting rights)






2. Adding columns of figures horizontally and vertically to check that the totals agree






3. The number you are dividing by






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






5. When two ratios are equal






6. V = pir2h






7. The length of the loan






8. Amounts of money you owe






9. Compares two numbers or quantities by using division.






10. The number to be divided by






11. Thousandth






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






13. A decrease in price or value






14. Interest is paid 365 times a year






15. 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.






16. Cash or assets that can quickly be converted into cash.






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






18. Suggested Retail Price






19. Things you own






20. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units






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






22. The difference between the highest and lowest numbers in a set of data






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






24. The original cost of an item






25. Interest is paid four times a year






26. Money given to someone on condition the person will return the money and interest by a specific date






27. Per annum - yearly






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






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






30. Cash + receivables/ current liabilities.






31. Investing in a well-established company






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






33. Costs that fluctuate






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






35. A paper that entitles the holder to a discount on a particular item






36. 0.01 - 1/100 - hundredth






37. Manages; guides; controls; commands; tells or shows the way






38. A statement made about the future






39. A series of discounts






40. A contract giving someone the right to use something for a certain length of time






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






42. Percentage of the list price.






43. The score that falls in the middle






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






45. First term in a ratio.






46. Something that is expected to return a profit






47. Interest is paid once a year






48. Part ownership in a company






49. Second term in a ratio.






50. # of servings of an item / total number of servings of all items in that category each day