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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. V = pir2h






2. Simple and compound






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






4. Current assets/ current liabilities






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






6. The divisor of a fraction






7. The amount that can actually be eaten - after trimming and cooking






8. The point at which you stop losing money.






9. Interest is paid twelve times a year






10. Cash + receivables/ current liabilities.






11. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized






12. 3am or 4am when most people are in a deep sleep.






13. Interest is paid once a year






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






15. To not spend






16. Turning assets into cash.






17. Accounts receivable/ average daily sales






18. Interest calculated on the principle






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






20. A number to be divided by another number






21. Direct materials cost plus direct labor cost.






22. Outside numbers in a ratio.






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






24. The number you are dividing by






25. A series of discounts






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






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






28. Share of the profits of a company






29. A comparison of two numbers






30. When two ratios are equal






31. 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






32. Get temporarily






33. The variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.






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






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






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






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






38. 1 ounce or less per guest






39. One thousand grams - thousand






40. Basic unit of volume in the metric system






41. Suggested Retail Price






42. A way of expressing a change from an original amount to a new amount without using a percentage sign.






43. Per annum - yearly






44. The variable of the percentage formula that represents a part of the base.






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






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






47. N. items or materials needed for something such as a business - expedition - or vessel






48. End of month.






49. A complete set of individuals - objects or scores being studied






50. Security for a loan