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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 number you are multipliying by






2. The original cost of an item






3. A number to be divided by another number






4. Accounts receivable/ average daily sales






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






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






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






8. 3am or 4am when most people are in a deep sleep.






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






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






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






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






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






14. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized






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






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






17. The point at which you stop losing money.






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






19. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units






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






21. Interest is paid twelve times a year






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






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






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






25. A statement made about the future






26. A percentage discount to customers






27. V = 1/3 pir2h






28. A decrease in price or value






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






30. Things you own






31. Cash + receivables/ current liabilities.






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






33. Deciding if its worth the risk






34. Direct materials cost plus direct labor cost.






35. The part of a fraction above the line - which tells how many parts are being counted.






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






37. Current assets/ current liabilities






38. The length of time until the debt is zero






39. Costs that remain constant






40. Non-payment






41. 1 ounce or less per guest






42. Compares two numbers or quantities by using division.






43. The lowest number in a group of data






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






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






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






47. V = e 3






48. Percentage of the list price.






49. A decimal figure when x by 2400 gives an approximate annual interest rate






50. The lender