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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 amount of money borrowed is between 75% - 95% of the purchase price






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






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






4. The number of sales / number of covers






5. The interest amount is small - but you are guaranteed to get something






6. A person who is tricked or swindled






7. The unexpected variablility of returns






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






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






10. The depreciation of an asset as an expense






11. Get temporarily






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






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






14. Second term in a ratio.






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






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






17. Part ownership in a company






18. Property other than real estate (often called a chattel mortgage)






19. The majority of the early payments go toward paying the interest on the loan






20. Direct materials cost plus direct labor cost.






21. First term in a ratio.






22. Paid dividends after the preference shares have been paid






23. Provide a specific dividend that is paid before any dividends are paid to common stock holders






24. Inside numbers in a ratio.






25. The lender






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






27. A number to be divided by another number






28. Per day






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






30. Interest is paid once a year






31. Paid in full






32. V = e 3






33. When several percentages occur in successions.






34. A portion of the population being studied






35. Algebraic - arithmetic






36. Per annum - yearly






37. A decrease in price or value






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






39. The borrower






40. The lowest number in a group of data






41. Total fixed costs/ selling price-variable cost






42. Parts of a whole number






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






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






45. Share of the profits of a company






46. The owner of the property






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






48. Simple and compound






49. Interest calculated on the principal plus any accumulated interest






50. Keeping budgeted costs as close as possible to actual costs.







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Can you answer 50 questions in 15 minutes?


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