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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 decrease in price or value






2. Current assets/ current liabilities






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






4. The number by which a dividend is divided






5. A cost that does not change - no matter how much of a good is produced






6. Share of the profits of a company






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






8. Time worked beyond the established working hours






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






10. The highest number in a group of data






11. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)






12. The total of units multiplied by the price






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






14. Interest is paid 365 times a year






15. The score that falls in the middle






16. An inventory costing method that assigns the most recent costs to ending inventory






17. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'






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






19. Compares two numbers or quantities by using division.






20. A loan






21. Interest is paid twice a year






22. Direct materials cost plus direct labor cost.






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






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






25. The majority of the early payments go toward paying the interest on the loan






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






27. The length of time until the debt is zero






28. Amounts of money you owe






29. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.






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






31. Interest is paid once a year






32. Cash + receivables/ current liabilities.






33. The number to be divided by






34. To take away from the original cost of something






35. A number calculated from sample data






36. Will not decay or rot






37. Thousandth






38. Something that is expected to return a profit






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






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






41. When two ratios are equal






42. The number you are multipliying by






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






44. The length of the loan






45. A bill






46. Part ownership in a company






47. The depreciation of an asset as an expense






48. Algebraic - arithmetic






49. The divisor of a fraction






50. Basic unit of volume in the metric system