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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. V = pir2h






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






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






4. Total fixed costs/ selling price-variable cost






5. The point where income and expenses intersect (no loss or profit)






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






7. Turning assets into cash.






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






9. The number by which a dividend is divided






10. Something that is expected to return a profit






11. A number to be divided by another number






12. An itemized statement of money owed for goods shipped or services rendered






13. The number of sales / number of covers






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






15. The divisor of a fraction






16. First term in a ratio.






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






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






19. Simple and compound






20. Interest is paid twelve times a year






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






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






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






24. 3am or 4am when most people are in a deep sleep.






25. A series of discounts






26. 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






27. An item of data the stays the same






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






29. Commission fee - inflation rate - capital gains tax






30. Paid dividends after the preference shares have been paid






31. The original cost of an item






32. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .






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






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






35. The length of the loan






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






37. To not spend






38. V = e 3






39. # of servings of an item / total number of servings of all items in that category each day






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






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






42. Inside numbers in a ratio.






43. Costs that remain constant






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






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






46. A portion of the population being studied






47. The number you are multipliying by






48. The difference between the highest and lowest numbers in a set of data






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






50. Second term in a ratio.