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






2. The process of repossessing and selling the real or personal property when the borrower has defaulted






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






4. Non-payment






5. The number of sales / number of covers






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






7. Inside numbers in a ratio.






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






9. 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.






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






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






12. Per annum - yearly






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






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






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






16. Preference and common






17. A number calculated from sample data






18. Of one hundred






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






20. The score that falls in the middle






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






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






23. A cost that does not change - no matter how much of a good is produced






24. A person who is tricked or swindled






25. Interest calculated on the principal plus any accumulated interest






26. The amount of money borrowed is between 75% - 95% of the purchase price






27. The total of units multiplied by the price






28. A series of discounts






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






30. Suggested Retail Price






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






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






33. The number you are multipliying by






34. The number by which a dividend is divided






35. Something that is expected to return a profit






36. Total fixed costs/ selling price-variable cost






37. The price paid after the trade discount has been subtracted.






38. An itemized statement of money owed for goods shipped or services rendered






39. Simple and compound






40. Shows the assets - liabilities and financial position of the company






41. Tenth - .1






42. A chart that shows the balance of the mortgage after each amortization period






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






44. When several percentages occur in successions.






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






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






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






48. The length of the loan






49. Used when the each piece of data has more than one component






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