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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. Two equivalent ratios joined by an equal sign.






2. Algebraic - arithmetic






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






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






5. A chart showing the lines of responsibility between departments of a large organization






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






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






8. Paid in full






9. The unexpected variablility of returns






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






11. To not spend






12. V = 1/3 pir2h






13. When several percentages occur in successions.






14. Amount of money coming in and going out of your business monthly






15. 0.01 - 1/100 - hundredth






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






17. A rate that one currency can be exchanged for another






18. A series of discounts






19. The amount of money borrowed is less than 75% of the purchase price






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






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






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






23. Interest is paid twelve times a year






24. The number you are multipliying by






25. Percentage of the list price.






26. Something that is expected to return a profit






27. Simple and compound






28. Real estate (houses - condos - warehouses - factories - etc)






29. Interest is paid 365 times a year






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






31. 1 ounce or less per guest






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






33. The number by which a dividend is divided






34. Allows you to buy merchandise from a supplier and pay at a later - specified date.






35. Total amount before another amount is added or subtracted






36. Costs that fluctuate






37. Paid dividends after the preference shares have been paid






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






39. Interest is paid once a year






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






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






42. Per annum - yearly






43. Total annual sales/365






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






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






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






47. The borrower






48. Electronic - portable (pocket) - computer - spreadsheets






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






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