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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 fixed costs/ selling price-variable cost






2. Basic unit of volume in the metric system






3. A loan






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






5. V = 1/3 pir2h






6. Number calculated from population data






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






8. Interest calculated on the principle






9. Identifies short-term activities to implement strategic plans






10. Two equivalent ratios joined by an equal sign.






11. First term in a ratio.






12. Suggested Retail Price






13. Paid in full






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






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






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






17. The borrower






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






19. A bill






20. Total annual sales/365






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






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






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






24. Costs that remain constant






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






26. 1 ounce or less per guest






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






28. 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






29. Direct materials cost plus direct labor cost.






30. Scaling factor based on yield






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






32. The lowest number in a group of data






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






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






35. One thousand grams - thousand






36. Interest is paid twelve times a year






37. 0.01 - 1/100 - hundredth






38. Security for a loan






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






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






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






42. Percentage of the list price.






43. Simple and compound






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






45. To take away from the original cost of something






46. The unexpected variablility of returns






47. A number to be divided by another number






48. Per annum - yearly






49. Deciding if its worth the risk






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