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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. Preference and common






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






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






4. A comparison of two numbers






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






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






7. V=lwh






8. Provide a specific dividend that is paid before any dividends are paid to common stock holders






9. Second term in a ratio.






10. Liable to perish






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






12. Interest is paid twice a year






13. A person who is tricked or swindled






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






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






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






17. The number you are dividing by






18. 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.






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






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






21. Electronic - portable (pocket) - computer - spreadsheets






22. The final figures






23. Algebraic - arithmetic






24. Cash + receivables/ current liabilities.






25. Interest calculated on the principal plus any accumulated interest






26. One thousand grams - thousand






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






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






29. A measure of how many times the value of the inventory is sold in one year.






30. Paid dividends after the preference shares have been paid






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






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






33. A way of expressing a change from an original amount to a new amount without using a percentage sign.






34. The owner of the property






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






36. V = 1/3 pir2h






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






38. Total amount before another amount is added or subtracted






39. 1 ounce or less per guest






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






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






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






43. Of one hundred






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






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






46. Amounts of money you owe






47. First term in a ratio.






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






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






50. Will not decay or rot