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DSST Business Math Vocab

  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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 bill

2. V=lwh

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

4. Interest is paid four times a year

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

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

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

8. To take away from the original cost of something

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

10. A number to be divided by another number

11. Simple and compound

12. First term in a ratio.

13. A measure of the number of days needed to collect accounts receivable.

14. 1 ounce or less per guest

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. Things you own

17. The number you are multipliying by

18. The process of repossessing and selling the real or personal property when the borrower has defaulted

19. V = e 3

20. The borrower

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

22. Get temporarily

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

24. Cash + receivables/ current liabilities.

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

26. The point at which you stop losing money.

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

28. 0.01 - 1/100 - hundredth

29. The amount of money borrowed is less than 75% of the purchase price

30. V = 1/3 pir2h

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

32. The number to be divided by

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

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

35. Accounts receivable/ average daily sales

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

37. Non-payment

38. Current assets/ current liabilities

39. Security for a loan

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

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

42. A decrease in price or value

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

44. A comparison of two numbers

45. Paid in full

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

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

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

49. Second term in a ratio.

50. Investing in a well-established company