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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. Cash or assets that can quickly be converted into cash.






2. A decimal system of weights and measures based on the meter and the kilogram and the second






3. The divisor of a fraction






4. Compares two numbers or quantities by using division.






5. Interest calculated on the principle






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






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






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






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






10. Share of the profits of a company






11. The highest number in a group of data






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






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






14. A bill






15. Turning assets into cash.






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






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






18. Way to measure amount of product shrinkage during cooking/roasting process






19. The number to be divided by






20. A statement made about the future






21. Paid dividends after the preference shares have been paid






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






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






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






25. To take away from the original cost of something






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






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






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






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






30. Security for a loan






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






32. Number calculated from population data






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






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






35. Interest is paid four times a year






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






37. Paid in full






38. The first number






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






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






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






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






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






44. Per day






45. The person paying to borrow property for a certain amount of time for payments






46. The lender






47. Percentage of the list price.






48. Costs that fluctuate






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






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