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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. Commission fee - inflation rate - capital gains tax






2. The amount the property is worth at the end of the lease






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






4. Tenth - .1






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






6. Liable to perish






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






8. Allows you to buy merchandise from a supplier and pay at a later - specified date.






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






10. Get temporarily






11. Total amount before another amount is added or subtracted






12. Paid in full






13. The depreciation of an asset as an expense






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






15. V = 1/3 pir2h






16. Interest calculated on the principle






17. Preference and common






18. The original cost of an item






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






20. A paper that entitles the holder to a discount on a particular item






21. End of month.






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






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






24. Of one hundred






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






26. A comparison of two numbers






27. You may get a large return or get nothing






28. Direct materials cost plus direct labor cost.






29. Share of the profits of a company






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






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






32. The unexpected variablility of returns






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






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






35. Per day






36. First term in a ratio.






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






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






39. The number by which a dividend is divided






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






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






42. Paid dividends after the preference shares have been paid






43. A loan






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






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






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






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






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






49. The score that falls in the middle






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