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






2. Algebraic - arithmetic






3. A series of discounts






4. The lowest number in a group of data






5. First term in a ratio.






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






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






8. The number of sales / number of covers






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






10. Per annum - yearly






11. Simple and compound






12. The new percent obtained by subtracting the change percent from 100%.






13. Non-payment






14. A chart that shows the balance of the mortgage after each amortization period






15. V = 1/3 pir2h






16. Will not decay or rot






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






18. V = pir2h






19. Percentage of the list price.






20. Loans to companies or goverments (no voting rights)






21. Number calculated from population data






22. Amounts of money you owe






23. V=lwh






24. Accounts receivable/ average daily sales






25. Interest is paid four times a year






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






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






28. Direct materials cost plus direct labor cost.






29. Costs that remain constant






30. Outside numbers in a ratio.






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






32. A number to be divided by another number






33. The most frequently occuring value in a group of data






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






35. Way to measure amount of product shrinkage during cooking/roasting process






36. Cost associated with fixed expenses such as rent - debt service and administration.






37. Cost of the an item/# of portions it contains.






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






39. The point at which you stop losing money.






40. Paid dividends after the preference shares have been paid






41. A number calculated from sample data






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






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






44. The length of the loan






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






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






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






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






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






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