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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. A number to be divided by another number






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






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






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






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






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






7. 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.






8. First term in a ratio.






9. When an item is discounted or less than the original price






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






11. Keeping budgeted costs as close as possible to actual costs.






12. Parts of a whole number






13. The number to be divided by






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






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






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






17. An item of data the stays the same






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






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






20. The unexpected variablility of returns






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






22. The lender






23. Two equivalent ratios joined by an equal sign.






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






25. Tenth - .1






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






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






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






29. A statement made about the future






30. Interest is paid twelve times a year






31. A portion of the population being studied






32. A percentage discount to customers






33. The length of the loan






34. Interest is paid 365 times a year






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






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






37. The number you are dividing by






38. Costs that fluctuate






39. Things you own






40. A series of discounts






41. An itemized statement of money owed for goods shipped or services rendered






42. Interest is paid four times a year






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






44. Costs that remain constant






45. Detailed instructions describing the way a particular foodservice operation prepares a particular dish






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






47. Outside numbers in a ratio.






48. Percentage of the list price.






49. Cash + receivables/ current liabilities.






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