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

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

3. Cost associated with fixed expenses such as rent - debt service and administration.

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

5. Identifies short-term activities to implement strategic plans

6. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)

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

8. The length of time until the debt is zero

9. Costs that fluctuate

10. A person who is tricked or swindled

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

12. A loan

13. When two ratios are equal

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

15. Interest calculated on the principal plus any accumulated interest

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

17. Interest is paid four times a year

18. Paid in full

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

20. A percentage discount for buyers associated with the products being sold

21. An item of data the stays the same

22. Tenth - .1

23. The original cost of an item

24. Security for a loan

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

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

27. Preference and common

28. The number of sales / number of covers

29. V = pir2h

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

31. 3am or 4am when most people are in a deep sleep.

32. The part of a fraction above the line - which tells how many parts are being counted.

33. Interest calculated on the principle

34. The number by which a dividend is divided

35. Used when the each piece of data has more than one component

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

37. The process of repossessing and selling the real or personal property when the borrower has defaulted

38. A decrease in price or value

39. A percentage discount to customers

40. Cash + receivables/ current liabilities.

41. Direct materials cost plus direct labor cost.

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

43. Simple and compound

44. V = 1/3 pir2h

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

46. Liable to perish

47. Get temporarily

48. Scaling factor based on yield

49. Adding columns of figures horizontally and vertically to check that the totals agree

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