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






2. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .






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






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






5. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.






6. The final figures






7. Liable to perish






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






9. A comparison of two numbers






10. 3am or 4am when most people are in a deep sleep.






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






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






13. Systematic recording of all sales achieved during a predetermined time period






14. The length of the loan






15. A complete set of individuals - objects or scores being studied






16. A person who is tricked or swindled






17. The lowest number in a group of data






18. 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.






19. A decrease in price or value






20. Discounts offered to encourage customers to pay their bills on time






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






22. Simple and compound






23. Per day






24. Scaling factor based on yield






25. A series of discounts






26. # of servings of an item / total number of servings of all items in that category each day






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






28. The number to be divided by






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






30. Preference and common






31. Accounts receivable/ average daily sales






32. An item of data the stays the same






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






34. V = pir2h






35. The number of sales / number of covers






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






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






38. V = 1/3 pir2h






39. Deciding if its worth the risk






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






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






42. An itemized statement of money owed for goods shipped or services rendered






43. A number calculated from sample data






44. Tenth - .1






45. The unexpected variablility of returns






46. Amounts of money you owe






47. Paid dividends after the preference shares have been paid






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






49. The lender






50. Costs that fluctuate