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DSST Business Math Vocab

  • Answer 50 questions in 15 minutes.
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  • 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 paper that entitles the holder to a discount on a particular item

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

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

4. An item of data the stays the same

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

6. Basic unit of volume in the metric system

7. Things you own

8. A measure of how many times the value of the inventory is sold in one year.

9. The number you are multipliying by

10. The highest number in a group of data

11. Cash + receivables/ current liabilities.

12. Interest calculated on the principal plus any accumulated interest

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

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

15. Direct materials cost plus direct labor cost.

16. A bill

17. A percentage discount to customers

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

19. The info collected from a survey and the figures generated through statistical analysis


21. Security for a loan

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

23. Costs that fluctuate

24. The total of units multiplied by the price

25. You may get a large return or get nothing

26. The depreciation of an asset as an expense

27. Percentage of the list price.

28. A loan

29. Paid in full

30. The first number

31. A cost that does not change - no matter how much of a good is produced

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

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

34. End of month.

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

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

37. N. items or materials needed for something such as a business - expedition - or vessel

38. Interest is paid twice a year

39. Compares two numbers or quantities by using division.

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

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

42. A cost that rises or falls depending on how much is produced

43. More than one frequently occuring value in a group of data

44. 3am or 4am when most people are in a deep sleep.

45. A chart that shows the balance of the mortgage after each amortization period

46. Share of the profits of a company

47. Interest is paid four times a year

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. 1 ounce or less per guest

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