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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 original cost of an item






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






3. Interest is paid once a year






4. Liable to perish






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






6. To take away from the original cost of something






7. The divisor of a fraction






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






9. The lender






10. When several percentages occur in successions.






11. When two ratios are equal






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






13. The total of units multiplied by the price






14. V = pir2h






15. A decimal figure when x by 2400 gives an approximate annual interest rate






16. Cash or assets that can quickly be converted into cash.






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






18. Number calculated from population data






19. 1 ounce or less per guest






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






21. Accounts receivable/ average daily sales






22. Turning assets into cash.






23. Amounts of money you owe






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






25. Simple and compound






26. A bill






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






28. Basic unit of volume in the metric system






29. Suggested Retail Price






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






31. Preference and common






32. The length of the loan






33. Compares two numbers or quantities by using division.






34. The number you are multipliying by






35. Money earned on an investment or paid on a loan






36. Interest calculated on the principle






37. The score that falls in the middle






38. Thousandth






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






40. The point at which you stop losing money.






41. Direct materials cost plus direct labor cost.






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






43. To not spend






44. Things you own






45. Per day






46. The number you are dividing by






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






48. Paid in full






49. A statement made about the future






50. 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