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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. A portion of the population being studied






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






3.






4. Preference and common






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






6. Simple and compound






7. Money charged by the government and added to the original price of an item






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






9. Second term in a ratio.






10. The final figures






11. Something that is expected to return a profit






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






13. To not spend






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






15. Of one hundred






16. The depreciation of an asset as an expense






17. The variable of the percentage formula that represents 100% - or the whole thing.






18. Part ownership in a company






19. Interest is paid twelve times a year






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






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






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






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






24. End of month.






25. One thousand grams - thousand






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






27. Current assets/ current liabilities






28. Cash + receivables/ current liabilities.






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






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






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






32. The lender






33. Time worked beyond the established working hours






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






35. The first number






36. The borrower






37. Interest is paid four times a year






38. The number to be divided by






39. Share of the profits of a company






40. Detailed instructions describing the way a particular foodservice operation prepares a particular dish






41. Things you own






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






43. The point where income and expenses intersect (no loss or profit)






44. 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.






45. 1 ounce or less per guest






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






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






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






49. A bill






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