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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. Thousandth






2. The total of units multiplied by the price






3. Share of the profits of a company






4. Commission fee - inflation rate - capital gains tax






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






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






7. Be sufficient to meet - defray - or offset the charge or cost of






8. Parts of a whole number






9. Direct materials cost plus direct labor cost.






10. Things you own






11. When several percentages occur in successions.






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






13. A decrease in price or value






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






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






16. When two ratios are equal






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






18. You may get a large return or get nothing






19. Liable to perish






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






21. Costs that fluctuate






22. Cash + receivables/ current liabilities.






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






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






25. The smallest number - other than zero - that can be the denominator for two or more common fractions






26. The point at which you stop losing money.






27. Total amount before another amount is added or subtracted






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






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






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






31.






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






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






34. Will not decay or rot






35. Get temporarily






36. An item of data the stays the same






37. The number you are multipliying by






38. Amounts of money you owe






39. A metric unit of weight equal to one thousandth of a kilogram






40. A person who is tricked or swindled






41. The length of the loan






42. The owner of the property






43. A statement made about the future






44. End of month.






45. A series of discounts






46. 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






47. A written form listing the specific characteristics of a product that is to be purchased from a supplier.






48. The final figures






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






50. First term in a ratio.