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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 point at which you stop losing money.






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






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






4. Deciding if its worth the risk






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






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






7. A series of discounts






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






9. Sheet that lists all menu items that are going - to be prepared for a given date






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






11. Suggested Retail Price






12. A comparison of two numbers






13. An item of data the stays the same






14. Basic unit of volume in the metric system






15. Per annum - yearly






16. Simple and compound






17. A portion of the population being studied






18. Total annual sales/365






19. Interest is paid twelve times a year






20. A bill






21. A contract giving someone the right to use something for a certain length of time






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






23. The unexpected variablility of returns






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






25. Shows the assets - liabilities and financial position of the company






26. Percentage of the list price.






27. Loans to companies or goverments (no voting rights)






28. Inside numbers in a ratio.






29. Turning assets into cash.






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






31. 1 ounce or less per guest






32. Get temporarily






33. Outside numbers in a ratio.






34. Investing in a well-established company






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






36. A number calculated from sample data






37. Things you own






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






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






40. 3am or 4am when most people are in a deep sleep.






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






42. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)






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






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






45. Direct materials cost plus direct labor cost.






46. A number to be divided by another number






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






48. The score that falls in the middle






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






50. The highest number in a group of data