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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. Compares two numbers or quantities by using division.






2. The property of having material worth (often indicated by the amount of money something would bring if sold)






3. Number calculated from population data






4. Paid in full






5. A contract giving someone the right to use something for a certain length of time






6. Total annual sales/365






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






8. The owner of the property






9. Security for a loan






10. The divisor of a fraction






11. 3am or 4am when most people are in a deep sleep.






12. The point at which you stop losing money.






13. Costs that remain constant






14. Something that is expected to return a profit






15. A person who is tricked or swindled






16. Costs that fluctuate






17. You may get a large return or get nothing






18. Get temporarily






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






20. V = pir2h






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






22. Interest calculated on the principle






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






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






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






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






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






28. The number you are multipliying by






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






30. Deciding if its worth the risk






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






32. The lowest number in a group of data






33. The length of the loan






34. Inside numbers in a ratio.






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






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






37. Tenth - .1






38. The unexpected variablility of returns






39. The final figures






40. Identifies short-term activities to implement strategic plans






41. To take away from the original cost of something






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






43. To not spend






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






45. A bill






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






47. Parts of a whole number






48. Real estate (houses - condos - warehouses - factories - etc)






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






50. The length of time until the debt is zero