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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 bill






2. V=lwh






3. More than one frequently occuring value in a group of data






4. Interest is paid four times a year






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






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






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






8. To take away from the original cost of something






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






10. A number to be divided by another number






11. Simple and compound






12. First term in a ratio.






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






14. 1 ounce or less per guest






15. 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






16. Things you own






17. The number you are multipliying by






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






19. V = e 3






20. The borrower






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






22. Get temporarily






23. Used often by business management to analyze the financial position of the business.






24. Cash + receivables/ current liabilities.






25. The new percent obtained by subtracting the change percent from 100%.






26. The point at which you stop losing money.






27. The amount the property is worth at the end of the lease






28. 0.01 - 1/100 - hundredth






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






30. V = 1/3 pir2h






31. Money given to someone on condition the person will return the money and interest by a specific date






32. The number to be divided by






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






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






35. Accounts receivable/ average daily sales






36. A decimal system of weights and measures based on the meter and the kilogram and the second






37. Non-payment






38. Current assets/ current liabilities






39. Security for a loan






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






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






42. A decrease in price or value






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






44. A comparison of two numbers






45. Paid in full






46. A percentage discount for buyers associated with the products being sold






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






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






49. Second term in a ratio.






50. Investing in a well-established company