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DSST Business Math Vocab

  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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 number by which a dividend is divided

2. Compares two numbers or quantities by using division.

3. Time worked beyond the established working hours

4. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'

5. A series of discounts

6. Simple and compound

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

8. Non-payment

9. Preference and common

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

11. To take away from the original cost of something

12. The highest number in a group of data

13. The number you are dividing by

14. 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

15. Used when the each piece of data has more than one component

16. The lender

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

18. One thousand grams - thousand

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

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

21. Investing in a well-established company

22. V=lwh

23. Shows the assets - liabilities and financial position of the company

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

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

26. The length of time until the debt is zero

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

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

29. Current assets/ current liabilities

30. A statement made about the future

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

32. Sheet that lists all menu items that are going - to be prepared for a given date

33. Shows the money coming in and expenses for a certain period of time.

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

35. The interest amount is small - but you are guaranteed to get something

36. The final figures

37. Interest is paid four times a year

38. Used often by business management to analyze the financial position of the business.

39. End of month.

40. The divisor of a fraction

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

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

43. A portion of the population being studied

44. 3am or 4am when most people are in a deep sleep.

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

46. Algebraic - arithmetic

47. Interest calculated on the principal plus any accumulated interest

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

49. Per day

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