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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. A written form listing the specific characteristics of a product that is to be purchased from a supplier.






2. V = pir2h






3. Turning assets into cash.






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






5. The highest number in a group of data






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






7. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)






8.






9. Multiply cross products to solve (top x bottom = top x bottom)






10. Something that is expected to return a profit






11. Preference and common






12. The number of sales / number of covers






13. The original cost of an item






14. Costs that remain constant






15. The number by which a dividend is divided






16. Direct materials cost plus direct labor cost.






17. Paid dividends after the preference shares have been paid






18. The length of time until the debt is zero






19. Interest is paid four times a year






20. Per day






21. Parts of a whole number






22. V=lwh






23. The unexpected variablility of returns






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






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






26. The final figures






27. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers






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






29. Discounts offered to encourage customers to pay their bills on time






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






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






32. V = 1/3 pir2h






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






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






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






36. V = e 3






37. Cash + receivables/ current liabilities.






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






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






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






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






42. The divisor of a fraction






43. Scaling factor based on yield






44. 3am or 4am when most people are in a deep sleep.






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






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






47. Inside numbers in a ratio.






48. The borrower






49. Total annual sales/365






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