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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 total of units multiplied by the price






2. When two ratios are equal






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






4. The final figures






5. Deciding if its worth the risk






6. Direct materials cost plus direct labor cost.






7. Security for a loan






8. The interest amount is small - but you are guaranteed to get something






9.






10. Of one hundred






11. Compares two numbers or quantities by using division.






12. Share of the profits of a company






13. The point at which you stop losing money.






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






15. A statement made about the future






16. The highest number in a group of data






17. Interest calculated on the principle






18. One thousand grams - thousand






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






20. A series of discounts






21. Liable to perish






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






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






24. Interest calculated on the principal plus any accumulated interest






25. Identifies short-term activities to implement strategic plans






26. End of month.






27. The original cost of an item






28. Interest is paid once a year






29. The number of sales / number of covers






30. Turning assets into cash.






31. To not spend






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






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






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






35. The lender






36. The number to be divided by






37. Current assets/ current liabilities






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






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






40. A number calculated from sample data






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






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






43. Sheet that lists all menu items that are going - to be prepared for a given date






44. A measure of how many times the value of the inventory is sold in one year.






45. A paper that entitles the holder to a discount on a particular item






46. 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.






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






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






49. Non-payment






50. Multiply cross products to solve (top x bottom = top x bottom)