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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 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.






2. Direct materials cost plus direct labor cost.






3. Interest is paid twice a year






4. Get temporarily






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






6. Something that is expected to return a profit






7. Compares two numbers or quantities by using division.






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






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






10. Property other than real estate (often called a chattel mortgage)






11. Money earned on an investment or paid on a loan






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






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






14. A person who is tricked or swindled






15. The depreciation of an asset as an expense






16. Percentage of the list price.






17. Algebraic - arithmetic






18. The divisor of a fraction






19. The final figures






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






21. Tenth - .1






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






23. The original cost of an item






24. Interest calculated on the principle






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






26. Non-payment






27. The number of sales / number of covers






28. Interest is paid 365 times a year






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






30. Inside numbers in a ratio.






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






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






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






34. The length of the loan






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






36. The length of time until the debt is zero






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






38. Thousandth






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






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






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






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






43. The smallest number - other than zero - that can be the denominator for two or more common fractions






44. An item of data the stays the same






45. Paid in full






46. Per day






47. Used often by business management to analyze the financial position of the business.






48. Liable to perish






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






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