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






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






3. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand






4. Second term in a ratio.






5. Amount of money coming in and going out of your business monthly






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






7. Direct materials cost plus direct labor cost.






8. Two equivalent ratios joined by an equal sign.






9. Cash + receivables/ current liabilities.






10. The score that falls in the middle






11. Of one hundred






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






13. Paid dividends after the preference shares have been paid






14. Simple and compound






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






16. The number by which a dividend is divided






17. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.






18. Suggested Retail Price






19. The length of the loan






20. Inside numbers in a ratio.






21. Per day






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






23. The borrower






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






25. The lowest number in a group of data






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






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






28. Identifies short-term activities to implement strategic plans






29. Systematic recording of all sales achieved during a predetermined time period






30. The number you are multipliying by






31. Interest is paid four times a year






32. Share of the profits of a company






33. One thousand grams - thousand






34. Per annum - yearly






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






36. A loan






37. A decrease in price or value






38. Total fixed costs/ selling price-variable cost






39. A complete set of individuals - objects or scores being studied






40. To not spend






41. Current assets/ current liabilities






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






43. Where info is collected for every unit of the population






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






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






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






47. The unexpected variablility of returns






48. Accounts receivable/ average daily sales






49. Total amount before another amount is added or subtracted






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