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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 portion of the population being studied






2. Total annual sales/365






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






4. The lowest number in a group of data






5. Paid dividends after the preference shares have been paid






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






7. The first number






8. Per day






9. Two equivalent ratios joined by an equal sign.






10. The divisor of a fraction






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






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






13. To not spend






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






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






16. Interest is paid twice a year






17. A person who is tricked or swindled






18. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .






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






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






21. A bill






22. Simple and compound






23. The number you are multipliying by






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






25. Interest is paid four times a year






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






27. The owner of the property






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






29. The point at which you stop losing money.






30. The highest number in a group of data






31. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.






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






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






34. The number of sales / number of covers






35. Share of the profits of a company






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






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






38. Systematic recording of all sales achieved during a predetermined time period






39. The number you are dividing by






40. V = e 3






41. A decrease in price or value






42. Preference and common






43. The price paid after the trade discount has been subtracted.






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






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






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






47. Part ownership in a company






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






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






50. Algebraic - arithmetic