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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. Basic unit of volume in the metric system






2. 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






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






4. Suggested Retail Price






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






6. A number to be divided by another number






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






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






9. The number you are dividing by






10. Share of the profits of a company






11. Things you own






12. Number calculated from population data






13. A person who is tricked or swindled






14. 3am or 4am when most people are in a deep sleep.






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






16. The difference between the highest and lowest numbers in a set of data






17. Commission fee - inflation rate - capital gains tax






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






19. Preference and common






20. Second term in a ratio.






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






22. A comparison of two numbers






23. You may get a large return or get nothing






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






25. 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.






26. Will not decay or rot






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






28. Total fixed costs/ selling price-variable cost






29. Outside numbers in a ratio.






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






31. The person paying to borrow property for a certain amount of time for payments






32. Total amount before another amount is added or subtracted






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






34. Interest is paid once a year






35. Cash + receivables/ current liabilities.






36. A decimal figure when x by 2400 gives an approximate annual interest rate






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






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






39. A loan






40. Parts of a whole number






41. Total annual sales/365






42. Paid in full






43. Security for a loan






44. Non-payment






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






46. When several percentages occur in successions.






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






48. A contract giving someone the right to use something for a certain length of time






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






50. Algebraic - arithmetic