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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. Deciding if its worth the risk






2. To take away from the original cost of something






3. 0.01 - 1/100 - hundredth






4. End of month.






5. To not spend






6. Property other than real estate (often called a chattel mortgage)






7. The highest number in a group of data






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






9. Costs that remain constant






10. Interest is paid twice a year






11. The owner of the property






12. Share of the profits of a company






13. Accounts receivable/ average daily sales






14. Per day






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






16. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.






17. Preference and common






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






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






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






21. The number you are dividing by






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






23. Shows the assets - liabilities and financial position of the company






24. The total of units multiplied by the price






25. Current assets/ current liabilities






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






27. A number to be divided by another number






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






29. The borrower






30. The number of sales / number of covers






31. Interest is paid 365 times a year






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






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






34. Number calculated from population data






35. A paper that entitles the holder to a discount on a particular item






36. First term in a ratio.






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






38. The original cost of an item






39. Costs that fluctuate






40. V = pir2h






41. The length of the loan






42. A number calculated from sample data






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






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






45. A portion of the population being studied






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






47. V = e 3






48. Of one hundred






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






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