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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. Per day






2. To not spend






3. Provide a specific dividend that is paid before any dividends are paid to common stock holders






4. Simple and compound






5. 3am or 4am when most people are in a deep sleep.






6. Direct materials cost plus direct labor cost.






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






8. A bill






9. The number you are dividing by






10. Costs that remain constant






11. Percentage of the list price.






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






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






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






15. A percentage discount to customers






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






17. Turning assets into cash.






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






19. First term in a ratio.






20. An inventory costing method that assigns the most recent costs to ending inventory






21. Interest calculated on the principal plus any accumulated interest






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






23. A series of discounts






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






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






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






27. The number by which a dividend is divided






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






29. You may get a large return or get nothing






30. End of month.






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






32. Inside numbers in a ratio.






33. Interest is paid once a year






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






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






36. 1 ounce or less per guest






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






38. Suggested Retail Price






39. Keeping budgeted costs as close as possible to actual costs.






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






41. Per annum - yearly






42. One thousand grams - thousand






43. Manages; guides; controls; commands; tells or shows the way






44. Parts of a whole number






45. A loan






46. A portion of the population being studied






47. Of one hundred






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






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






50. Paid dividends after the preference shares have been paid