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






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






3. A loan






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






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






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






7. When several percentages occur in successions.






8. Paid in full






9. A person who is tricked or swindled






10. Deciding if its worth the risk






11. Compares two numbers or quantities by using division.






12. Direct materials cost plus direct labor cost.






13. Interest calculated on the principle






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






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






16. Shows the money coming in and expenses for a certain period of time.






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






18. Cash + receivables/ current liabilities.






19. V=lwh






20. A series of discounts






21. The lowest number in a group of data






22. Systematic recording of all sales achieved during a predetermined time period






23. The owner of the property






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






25. Current assets/ current liabilities






26. Interest is paid twelve times a year






27. A number to be divided by another number






28. Liable to perish






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






30. Per annum - yearly






31. 0.01 - 1/100 - hundredth






32. Interest is paid four times a year






33. The amount of money borrowed is between 75% - 95% of the purchase price






34. Will not decay or rot






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






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






37. Second term in a ratio.






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






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






40. Used when the each piece of data has more than one component






41. Costs that remain constant






42. Something that is expected to return a profit






43. Interest is paid 365 times a year






44. The first number






45. A number calculated from sample data






46. The number by which a dividend is divided






47. Commission fee - inflation rate - capital gains tax






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






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






50. The length of the loan