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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. Liable to perish






2. The unexpected variablility of returns






3. To not spend






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






5. An item of data the stays the same






6. The owner of the property






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






8. The total of units multiplied by the price






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






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






11. Paid in full






12. Direct materials cost plus direct labor cost.






13. Costs that remain constant






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






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






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






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






18. Total fixed costs/ selling price-variable cost






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






20. The difference between the highest and lowest numbers in a set of data






21. Per day






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






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






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






25. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern






26. A bill






27. Outside numbers in a ratio.






28. V = pir2h






29. Interest is paid twelve times a year






30. Of one hundred






31. 0.01 - 1/100 - hundredth






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






33. The borrower






34. The number you are multipliying by






35. The length of the loan






36. Interest calculated on the principle






37. The divisor of a fraction






38. (simple average) adding the group of items and dividing by the total number of items






39. A written form listing the specific characteristics of a product that is to be purchased from a supplier.






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






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






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






43. You may get a large return or get nothing






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






45. A percentage discount to customers






46. The number by which a dividend is divided






47. Costs that fluctuate






48. Per annum - yearly






49. Algebraic - arithmetic






50. When an item is discounted or less than the original price