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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 borrower






2. 1 ounce or less per guest






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






4. Second term in a ratio.






5. Costs that fluctuate






6. Be sufficient to meet - defray - or offset the charge or cost of






7. One thousand grams - thousand






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






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






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






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






12. A bill






13. Cost of the an item/# of portions it contains.






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






15. Paid dividends after the preference shares have been paid






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






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






18. Things you own






19. Will not decay or rot






20. Interest is paid twice a year






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






22. A comparison of two numbers






23. An item of data the stays the same






24. The depreciation of an asset as an expense






25. The amount that can actually be eaten - after trimming and cooking






26. End of month.






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






28. V = pir2h






29. 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






30. The variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.






31. The money paid to an employee based on a percentage of their sales






32. V=lwh






33. The variable of the percentage formula that represents 100% - or the whole thing.






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






35. Direct materials cost plus direct labor cost.






36. Scaling factor based on yield






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






38. Costs that remain constant






39. The number of sales / number of covers






40. The number you are multipliying by






41. The original cost of an item






42. Number calculated from population data






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






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






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






46. Liable to perish






47. Investing in a well-established company






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






49.






50. Interest is paid twelve times a year