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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 length of the loan






2. Parts of a whole number






3. Paid in full






4. When two ratios are equal






5. Number calculated from population data






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






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






8. You may get a large return or get nothing






9. Per annum - yearly






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






11. The original cost of an item






12. A series of discounts






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






14. Interest is paid once a year






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






16. The lowest number in a group of data






17. Time worked beyond the established working hours






18. A chart that shows the balance of the mortgage after each amortization period






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






20. Part ownership in a company






21. The unexpected variablility of returns






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






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






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






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






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






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






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






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






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






31. The point at which you stop losing money.






32. The owner of the property






33. Tenth - .1






34. The money paid to an employee based on a percentage of their sales






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






36. 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






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






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






39. 3am or 4am when most people are in a deep sleep.






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






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






42. The price after any down-payment or trade-in






43. Per day






44. Costs that remain constant






45.






46. N. items or materials needed for something such as a business - expedition - or vessel






47. The part of a fraction above the line - which tells how many parts are being counted.






48. Interest is paid twelve times a year






49. Interest is paid four times a year






50. Percentage of the list price.