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






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






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






4. Get temporarily






5. Time worked beyond the established working hours






6. Will not decay or rot






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






8. V = pir2h






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






10. Number calculated from population data






11. Thousandth






12. Algebraic - arithmetic






13. Costs that remain constant






14. Interest is paid twice a year






15. Accounts receivable/ average daily sales






16. To not spend






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






18. Percentage of the list price.






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






20. A measure of the number of days needed to collect accounts receivable.






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






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






23. A decrease in price or value






24. Per day






25. Interest is paid twelve times a year






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






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






28. The person paying to borrow property for a certain amount of time for payments






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






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






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






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






33. An item of data the stays the same






34. Suggested Retail Price






35. 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






36. The number you are multipliying by






37. Security for a loan






38.






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






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






41. Tenth - .1






42. The amount that can actually be eaten - after trimming and cooking






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






44. A person who is tricked or swindled






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






46. The borrower






47. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern






48. Compares two numbers or quantities by using division.






49. Deciding if its worth the risk






50. Preference and common