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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. The owner of the property






2. V = pir2h






3. Paid dividends after the preference shares have been paid






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






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






6. Something that is expected to return a profit






7. Interest is paid twice a year






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






9. Suggested Retail Price






10. 3am or 4am when most people are in a deep sleep.






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






12. Simple and compound






13. The depreciation of an asset as an expense






14. Interest calculated on the principle






15. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units






16. The money paid to an employee based on a percentage of their sales






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






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






19. Commission fee - inflation rate - capital gains tax






20. End of month.






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






22. V=lwh






23. The score that falls in the middle






24. The number to be divided by






25. Percentage of the list price.






26. Total fixed costs/ selling price-variable cost






27. The part of a fraction above the line - which tells how many parts are being counted.






28. Turning assets into cash.






29. Interest is paid twelve times a year






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






31. A bill






32. The unexpected variablility of returns






33. The lowest number in a group of data






34. First term in a ratio.






35. Investing in a well-established company






36. 1 ounce or less per guest






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






38. Interest is paid once a year






39. Interest calculated on the principal plus any accumulated interest






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






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






42. The point at which you stop losing money.






43. A portion of the population being studied






44. The person paying to borrow property for a certain amount of time for payments






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






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






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






48. V = 1/3 pir2h






49. The number of sales / number of covers






50. A statement made about the future