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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. 3am or 4am when most people are in a deep sleep.






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






3. When an item is discounted or less than the original price






4. Way to measure amount of product shrinkage during cooking/roasting process






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






6. Total fixed costs/ selling price-variable cost






7. When several percentages occur in successions.






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






9. Percentage of the list price.






10. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.






11. The length of time until the debt is zero






12. V=lwh






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






14. A statement made about the future






15. The lowest number in a group of data






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






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






18. Interest is paid four times a year






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






20. Shows the money coming in and expenses for a certain period of time.






21. Direct materials cost plus direct labor cost.






22. Part ownership in a company






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






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






25. Will not decay or rot






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






27. Amounts of money you owe






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






29. Parts of a whole number






30. The unexpected variablility of returns






31. V = 1/3 pir2h






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






33. Cash + receivables/ current liabilities.






34. Turning assets into cash.






35. An itemized statement of money owed for goods shipped or services rendered






36. A number to be divided by another number






37. Preference and common






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






39. The number of sales / number of covers






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






41.






42. 0.01 - 1/100 - hundredth






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






44. # of servings of an item / total number of servings of all items in that category each day






45. The total of units multiplied by the price






46. A series of discounts






47. Inside numbers in a ratio.






48. Simple and compound






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






50. Number calculated from population data