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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. Provide a specific dividend that is paid before any dividends are paid to common stock holders






2. Share of the profits of a company






3. 1 ounce or less per guest






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






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






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






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






8. Commission fee - inflation rate - capital gains tax






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






10. The most frequently occuring value in a group of data






11. A decrease in price or value






12. The unexpected variablility of returns






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






14. A complete set of individuals - objects or scores being studied






15. Tenth - .1






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






17. The point at which you stop losing money.






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






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






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






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






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






23. Interest is paid 365 times a year






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






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






26. Interest calculated on the principle






27. Costs that remain constant






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






29. The info collected from a survey and the figures generated through statistical analysis






30. Parts of a whole number






31. Two equivalent ratios joined by an equal sign.






32. Real estate (houses - condos - warehouses - factories - etc)






33. Amounts of money you owe






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






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






36. Current assets/ current liabilities






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






38. A bill






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






40. Scaling factor based on yield






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






42. Basic unit of volume in the metric system






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






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






45. Outside numbers in a ratio.






46. The divisor of a fraction






47. A comparison of two numbers






48. More than one frequently occuring value in a group of data






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






50. One thousand grams - thousand