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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. Total annual sales/365






2. 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.






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






4. Outside numbers in a ratio.






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






6. The number to be divided by






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






8. Paid in full






9. The highest number in a group of data






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






11. Total fixed costs/ selling price-variable cost






12. Deciding if its worth the risk






13. V=lwh






14. 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






15. Basic unit of volume in the metric system






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






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






18. Liable to perish






19. Allows you to buy merchandise from a supplier and pay at a later - specified date.






20. 0.01 - 1/100 - hundredth






21. Part ownership in a company






22. V = 1/3 pir2h






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






24. Thousandth






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






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






27. Suggested Retail Price






28. Direct materials cost plus direct labor cost.






29. V = pir2h






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






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






32. Get temporarily






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






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






35. Interest is paid once a year






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






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






38. The depreciation of an asset as an expense






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






40. Interest is paid twelve times a year






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






42. One thousand grams - thousand






43. Parts of a whole number






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






45. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'






46. Compares two numbers or quantities by using division.






47. Amount of money coming in and going out of your business monthly






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






49. You may get a large return or get nothing






50. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.







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