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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 decrease in price or value






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






3. Will not decay or rot






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






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






6. Money charged by the government and added to the original price of an item






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






8. To not spend






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






10. Total amount before another amount is added or subtracted






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






12. Thousandth






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






14. Investing in a well-established company






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






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






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






18. The depreciation of an asset as an expense






19. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)






20. A series of discounts






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






22. A paper that entitles the holder to a discount on a particular item






23. Turning assets into cash.






24. V = e 3






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






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






27. First term in a ratio.






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






29. The borrower






30. Time worked beyond the established working hours






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






32. The lender






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






34. Get temporarily






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






36. Things you own






37. 3am or 4am when most people are in a deep sleep.






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






39. Per day






40. Percentage of the list price.






41. Interest calculated on the principle






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






43. The lowest number in a group of data






44. Interest is paid twelve times a year






45. Total annual sales/365






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






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






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






49. Part ownership in a company






50. Paid in full