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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 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