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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. Interest is paid twelve times a year






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






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






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






5. A bill






6. A loan






7. Money charged by the government and added to the original price of an item






8. Loans to companies or goverments (no voting rights)






9. The owner of the property






10. Identifies short-term activities to implement strategic plans






11. When two ratios are equal






12. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand






13. A percentage discount to customers






14. Time worked beyond the established working hours






15. V=lwh






16. The depreciation of an asset as an expense






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






18. The first number






19. Commission fee - inflation rate - capital gains tax






20. The divisor of a fraction






21. The number by which a dividend is divided






22. Second term in a ratio.






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






24. Per annum - yearly






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






26. Accounts receivable/ average daily sales






27. V = e 3






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






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






30. 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






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






32. Thousandth






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






34. Parts of a whole number






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






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






37. The number you are multipliying by






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






39. Of one hundred






40. You may get a large return or get nothing






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






42. Basic unit of volume in the metric system






43. Interest is paid once a year






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






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






46. A number to be divided by another number






47. Total amount before another amount is added or subtracted






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






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






50. Suggested Retail Price