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






2. One thousand grams - thousand






3. When two ratios are equal






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






5. The original cost of an item






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






7. Preference and common






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






9. Number calculated from population data






10. Liable to perish






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






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






13. Amounts of money you owe






14. Outside numbers in a ratio.






15. Per day






16. Something that is expected to return a profit






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






18. The number to be divided by






19. Scaling factor based on yield






20. Second term in a ratio.






21. 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






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






23. Parts of a whole number






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






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






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






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






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






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






30. A number to be divided by another number






31. Current assets/ current liabilities






32. The unexpected variablility of returns






33. Share of the profits of a company






34. A percentage discount to customers






35. Direct materials cost plus direct labor cost.






36. Interest calculated on the principal plus any accumulated interest






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






38. A person who is tricked or swindled






39. A loan






40. Loans to companies or goverments (no voting rights)






41. Paid in full






42. The price after any down-payment or trade-in






43. A statement made about the future






44. A decimal system of weights and measures based on the meter and the kilogram and the second






45. Investing in a well-established company






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






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






48. Interest is paid twelve times a year






49. The number by which a dividend is divided






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