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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. Interest calculated on the principle






2. Basic unit of volume in the metric system






3. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .






4. First term in a ratio.






5. Outside numbers in a ratio.






6. The property of having material worth (often indicated by the amount of money something would bring if sold)






7. The lowest number in a group of data






8. The first number






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






10. Paid dividends after the preference shares have been paid






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






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






13. When several percentages occur in successions.






14. A loan






15. A person who is tricked or swindled






16. Liable to perish






17. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers






18. A number to be divided by another number






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






20. Direct materials cost plus direct labor cost.






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






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






23. Time worked beyond the established working hours






24. The total of units multiplied by the price






25. The number you are dividing by






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






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






28. Things you own






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






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






31. Money given to someone on condition the person will return the money and interest by a specific date






32. A rate that one currency can be exchanged for another






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






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






35. Second term in a ratio.






36. Identifies short-term activities to implement strategic plans






37. 3am or 4am when most people are in a deep sleep.






38. Algebraic - arithmetic






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






40. Total fixed costs/ selling price-variable cost






41. The point at which you stop losing money.






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






43. Security for a loan






44. Amounts of money you owe






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






46. To take away from the original cost of something






47. The owner of the property






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






49. A number calculated from sample data






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