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






3. The number you are dividing by






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






5. Costs that remain constant






6. Second term in a ratio.






7. Interest is paid twelve times a year






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






9. Interest calculated on the principal plus any accumulated interest






10. Share of the profits of a company






11. A statement made about the future






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






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






14. The borrower






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






16. Basic unit of volume in the metric system






17. Costs that fluctuate






18. The divisor of a fraction






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






20. The price paid after the trade discount has been subtracted.






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






22. To take away from the original cost of something






23. Things you own






24. Cash + receivables/ current liabilities.






25. Suggested Retail Price






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






27. The number of sales / number of covers






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






29. Of one hundred






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






31. One thousand grams - thousand






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






33. Total fixed costs/ selling price-variable cost






34. Interest is paid four times a year






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






36. Identifies short-term activities to implement strategic plans






37. A series of discounts






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






39. When two ratios are equal






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






41. The score that falls in the middle






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






43. Deciding if its worth the risk






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






45. Commission fee - inflation rate - capital gains tax






46. The total of units multiplied by the price






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






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






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






50. A portion of the population being studied