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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 number of sales / number of covers






2. The point at which you stop losing money.






3. The amount the property is worth at the end of the lease






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






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






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






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






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






9. V=lwh






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






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






12. Direct materials cost plus direct labor cost.






13. V = pir2h






14. Way to measure amount of product shrinkage during cooking/roasting process






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






16. Algebraic - arithmetic






17. Compares two numbers or quantities by using division.






18. The final figures






19. A metric unit of weight equal to one thousandth of a kilogram






20. Second term in a ratio.






21. Basic unit of volume in the metric system






22. The majority of the early payments go toward paying the interest on the loan






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






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






25. The divisor of a fraction






26. A statement made about the future






27. Keeping budgeted costs as close as possible to actual costs.






28. A loan






29. Get temporarily






30. Total annual sales/365






31. Suggested Retail Price






32. The amount of money borrowed is less than 75% of the purchase price






33. Costs that remain constant






34. Interest is paid twelve times a year






35. Accounts receivable/ average daily sales






36. Costs that fluctuate






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






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






39. Liable to perish






40. When two ratios are equal






41. Time worked beyond the established working hours






42. The price after any down-payment or trade-in






43. V = 1/3 pir2h






44. The number by which a dividend is divided






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






46. 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






47. The number to be divided by






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






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






50. You may get a large return or get nothing