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






3. 0.01 - 1/100 - hundredth






4. The number by which a dividend is divided






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






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






7. Thousandth






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






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






10. Two equivalent ratios joined by an equal sign.






11. Preference and common






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






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






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






15. The score that falls in the middle






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






17. Interest calculated on the principle






18. The amount that can actually be eaten - after trimming and cooking






19. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .






20. Commission fee - inflation rate - capital gains tax






21. When several percentages occur in successions.






22. Cash or assets that can quickly be converted into cash.






23. Identifies short-term activities to implement strategic plans






24. Interest is paid 365 times a year






25. A person who is tricked or swindled






26. A measure of the number of days needed to collect accounts receivable.






27. Per annum - yearly






28. The divisor of a fraction






29. The amount of money borrowed is between 75% - 95% of the purchase price






30. Outside numbers in a ratio.






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






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






33. Security for a loan






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






35. Total annual sales/365






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






37. V=lwh






38. The final figures






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






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






41. Paid dividends after the preference shares have been paid






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






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






44. Investing in a well-established company






45. Per day






46. Tenth - .1






47. 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.






48. 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






49. A comparison of two numbers






50. Costs that fluctuate