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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 complete set of individuals - objects or scores being studied






2. Costs that remain constant






3. Money given to someone on condition the person will return the money and interest by a specific date






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






5. Way to measure amount of product shrinkage during cooking/roasting process






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






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






8. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.






9. 1 ounce or less per guest






10. A decrease in price or value






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






12. (simple average) adding the group of items and dividing by the total number of items






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






14. Share of the profits of a company






15. A series of discounts






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






17. Liable to perish






18. Compares two numbers or quantities by using division.






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






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






21. 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






22. A metric unit of weight equal to one thousandth of a kilogram






23. Preference and common






24. An item of data that has a different value at different times






25. # of servings of an item / total number of servings of all items in that category each day






26. Of one hundred






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






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






29. Interest is paid once a year






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






31. Cash + receivables/ current liabilities.






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






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






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






35. Where info is collected for every unit of the population






36. Things you own






37. The point where income and expenses intersect (no loss or profit)






38. The owner of the property






39. The price after any down-payment or trade-in






40. Cost of the an item/# of portions it contains.






41. A loan






42. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.






43. The total of units multiplied by the price






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






45. The number you are dividing by






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






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






48. A comparison of two numbers






49. Number calculated from population data






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