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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 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.






31.






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.