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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 cost that rises or falls depending on how much is produced






2. The divisor of a fraction






3. The number by which a dividend is divided






4. Scaling factor based on yield






5. Something that is expected to return a profit






6. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand






7. Percentage of the list price.






8. A number to be divided by another number






9. Parts of a whole number






10. A bill






11. Security for a loan






12. Tenth - .1






13. The score that falls in the middle






14. Be sufficient to meet - defray - or offset the charge or cost of






15. A comparison of two numbers






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






17. Share of the profits of a company






18. The interest amount is small - but you are guaranteed to get something






19. Per annum - yearly






20. Keeping budgeted costs as close as possible to actual costs.






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. Outside numbers in a ratio.






23. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.






24. The smallest number - other than zero - that can be the denominator for two or more common fractions






25. Interest is paid four times a year






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






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






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






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






30. Paid dividends after the preference shares have been paid






31. The original cost of an item






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






33. A written form listing the specific characteristics of a product that is to be purchased from a supplier.






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






35. An item of data the stays the same






36. A loan






37. Time worked beyond the established working hours






38. Manages; guides; controls; commands; tells or shows the way






39. A portion of the population being studied






40. The borrower






41. A decimal figure when x by 2400 gives an approximate annual interest rate






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






43. Costs that remain constant






44. The length of the loan






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






46. 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.






47. To not spend






48. Commission fee - inflation rate - capital gains tax






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






50. Total annual sales/365