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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. Preference and common






2. Will not decay or rot






3. The original cost of an item






4. Interest is paid 365 times a year






5. One thousand grams - thousand






6. Interest calculated on the principle






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






8. A percentage discount to customers






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






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






11. The depreciation of an asset as an expense






12. Simple and compound






13. 0.01 - 1/100 - hundredth






14. Adding columns of figures horizontally and vertically to check that the totals agree






15. The final figures






16. Turning assets into cash.






17. The number to be divided by






18. The number of sales / number of covers






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






20. The smallest number - other than zero - that can be the denominator for two or more common fractions






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






22. Cost associated with fixed expenses such as rent - debt service and administration.






23. A decrease in price or value






24. The total of units multiplied by the price






25. Money charged by the government and added to the original price of an item






26. A portion of the population being studied






27. A measure of how many times the value of the inventory is sold in one year.






28. Total fixed costs/ selling price-variable cost






29. Share of the profits of a company






30. Investing in a well-established company






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






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






33. Per day






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






35. Algebraic - arithmetic






36. Costs that fluctuate






37. Parts of a whole number






38. A number to be divided by another number






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






40. End of month.






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






42. Suggested Retail Price






43. The number you are multipliying by






44. The length of the loan






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






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






47. An item of data that has a different value at different times






48. Things you own






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






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






Can you answer 50 questions in 15 minutes?



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