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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. Total amount before another amount is added or subtracted






2. Parts of a whole number






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






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






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






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






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






8. Percentage of the list price.






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






10. The number by which a dividend is divided






11. Number calculated from population data






12. A cost that rises or falls depending on how much is produced






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






14. A percentage discount to customers






15. The original cost of an item






16. A person who is tricked or swindled






17. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.






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






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






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






21. The number you are dividing by






22. Time worked beyond the established working hours






23. The borrower






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






25. Interest is paid twice a year






26. V=lwh






27. Manages; guides; controls; commands; tells or shows the way






28. The length of the loan






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






30. Get temporarily






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






32. The number you are multipliying by






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






34. When two ratios are equal






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






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






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






38. Accounts receivable/ average daily sales






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






40. To not spend






41. The most frequently occuring value in a group of data






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






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






44. Identifies short-term activities to implement strategic plans






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






46. A decrease in price or value






47. Cash + receivables/ current liabilities.






48. The number of sales / number of covers






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






50. A series of discounts