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






2. The first number






3. The length of the loan






4. V=lwh






5. When two ratios are equal






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






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






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






9. Commission fee - inflation rate - capital gains tax






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






11. Total fixed costs/ selling price-variable cost






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






13. Identifies short-term activities to implement strategic plans






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






15. A comparison of two numbers






16. To not spend






17. Deciding if its worth the risk






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






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






20. The depreciation of an asset as an expense






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






22. Interest is paid four times a year






23. 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.






24. Will not decay or rot






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






26. Costs that remain constant






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






28. You may get a large return or get nothing






29. A percentage discount to customers






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






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






32. A number calculated from sample data






33. The number by which a dividend is divided






34. Adding columns of figures horizontally and vertically to check that the totals agree






35. Simple and compound






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






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






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






39. Security for a loan






40. Non-payment






41. Turning assets into cash.






42. A person who is tricked or swindled






43. V = pir2h






44. A bill






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






46. Scaling factor based on yield






47. Liable to perish






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






49. Number calculated from population data






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