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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. The highest number in a group of data






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






3. A contract giving someone the right to use something for a certain length of time






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






5. 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.






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






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






8. Algebraic - arithmetic






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






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






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






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






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






14. Paid in full






15. The length of time until the debt is zero






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






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






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






19. Will not decay or rot






20. Inside numbers in a ratio.






21. Non-payment






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






23.






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






25. The depreciation of an asset as an expense






26. Something that is expected to return a profit






27. Commission fee - inflation rate - capital gains tax






28. End of month.






29. Money earned on an investment or paid on a loan






30. Of one hundred






31. A number to be divided by another number






32. A decrease in price or value






33. You may get a large return or get nothing






34. The unexpected variablility of returns






35. A portion of the population being studied






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






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






38. Costs that fluctuate






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






40. Accounts receivable/ average daily sales






41. A comparison of two numbers






42. Things you own






43. The first number






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






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






46. A loan






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






48. Direct materials cost plus direct labor cost.






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






50. Be sufficient to meet - defray - or offset the charge or cost of