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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 variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.

2. Cash + receivables/ current liabilities.

3. Total fixed costs/ selling price-variable cost

4. Interest is paid once a year

5. The depreciation of an asset as an expense

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

7. The lowest number in a group of data

8. An item of data the stays the same

9. You may get a large return or get nothing

10. Indicators of the confidence investors have in a company (the higher the better)

11. Total amount before another amount is added or subtracted

12. Paid in full

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

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

15. Preference and common

16. Second term in a ratio.

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

18. Detailed instructions describing the way a particular foodservice operation prepares a particular dish

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

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

21. Special hours of work regulations in several industries exempt or set different standards for certain employees

22. Provide a specific dividend that is paid before any dividends are paid to common stock holders

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

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

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

26. Compares two numbers or quantities by using division.

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

28. The lender

29. A comparison of two numbers

30. Direct materials cost plus direct labor cost.


32. Simple and compound

33. Percentage of the list price.

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

35. Per day

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

37. V = e 3

38. Get temporarily

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

40. The length of the loan

41. The length of time until the debt is zero

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

43. Will not decay or rot

44. A series of discounts

45. Interest calculated on the principle

46. The first number

47. When two ratios are equal

48. Current assets/ current liabilities

49. Paid dividends after the preference shares have been paid

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