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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. Interest is paid twice a year






2. Costs that remain constant






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






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. Turning assets into cash.






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






7. Per annum - yearly






8. The point where income and expenses intersect (no loss or profit)






9. The final figures






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






11. A statement made about the future






12. The property of having material worth (often indicated by the amount of money something would bring if sold)






13. Compares two numbers or quantities by using division.






14. The point at which you stop losing money.






15. Used often by business management to analyze the financial position of the business.






16. Total annual sales/365






17. Percentage of the list price.






18. A number to be divided by another number






19. Direct materials cost plus direct labor cost.






20. First term in a ratio.






21. A series of discounts






22. Paid dividends after the preference shares have been paid






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






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






25. Total amount before another amount is added or subtracted






26. The length of time until the debt is zero






27. Basic unit of volume in the metric system






28.






29. A portion of the population being studied






30. Outside numbers in a ratio.






31. A loan






32. The lender






33. The number by which a dividend is divided






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






35. When several percentages occur in successions.






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






37. You may get a large return or get nothing






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






39. 0.01 - 1/100 - hundredth






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






41. End of month.






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






43. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'






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






45. Parts of a whole number






46. Get temporarily






47. Provide a specific dividend that is paid before any dividends are paid to common stock holders






48. Sheet that lists all menu items that are going - to be prepared for a given date






49. V = e 3






50. The lowest number in a group of data