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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. A decrease in price or value






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






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






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






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






6. Tenth - .1






7. Amounts of money you owe






8. A comparison of two numbers






9. 0.01 - 1/100 - hundredth






10. Non-payment






11. Interest is paid four times a year






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






13. The first number






14. The amount of money borrowed is less than 75% of the purchase price






15. Investing in a well-established company






16. A number to be divided by another number






17. Security for a loan






18. A contract giving someone the right to use something for a certain length of time






19. Number calculated from population data






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






21. Thousandth






22. Electronic - portable (pocket) - computer - spreadsheets






23. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers






24. Direct materials cost plus direct labor cost.






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






26. An item of data the stays the same






27. Cash + receivables/ current liabilities.






28. The amount the property is worth at the end of the lease






29. A way of expressing a change from an original amount to a new amount without using a percentage sign.






30. Discounts offered to encourage customers to pay their bills on time






31. The final figures






32. Something that is expected to return a profit






33. A series of discounts






34. The point at which you stop losing money.






35. 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






36. Per day






37. First term in a ratio.






38. The length of time until the debt is zero






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






40. Suggested Retail Price






41. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.






42. The highest number in a group of data






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






44. Of one hundred






45. V=lwh






46. The price paid after the trade discount has been subtracted.






47. When an item is discounted or less than the original price






48. The original cost of an item






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






50. Parts of a whole number