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






2. Interest is paid 365 times a year






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






4. Real estate (houses - condos - warehouses - factories - etc)






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






6. The length of time until the debt is zero






7. The majority of the early payments go toward paying the interest on the loan






8. One thousand grams - thousand






9. Accounts receivable/ average daily sales






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






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






12. Inside numbers in a ratio.






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






14. Used often by business management to analyze the financial position of the business.






15. Turning assets into cash.






16. V = e 3






17. The original cost of an item






18. Direct materials cost plus direct labor cost.






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






20. Identifies short-term activities to implement strategic plans






21. A chart showing the lines of responsibility between departments of a large organization






22. Percentage of the list price.






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






24. Part ownership in a company






25. Tenth - .1






26. The depreciation of an asset as an expense






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






28. Interest is paid four times a year






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






30. A number to be divided by another number






31. The number by which a dividend is divided






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






33. The variable of the percentage formula that represents a part of the base.






34. Things you own






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






36. The first number






37. Total annual sales/365






38. 3am or 4am when most people are in a deep sleep.






39. Per day






40. When two ratios are equal






41. Algebraic - arithmetic






42. You may get a large return or get nothing






43. A number calculated from sample data






44. The total of units multiplied by the price






45. The length of the loan






46. The number you are dividing by






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






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






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






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