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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. Identifies short-term activities to implement strategic plans






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






3. The number by which a dividend is divided






4. The number of sales / number of covers






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






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






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






8. Preference and common






9. A percentage discount for buyers associated with the products being sold






10. V=lwh






11. Compares two numbers or quantities by using division.






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






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






14. The length of the loan






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






16. Algebraic - arithmetic






17. The final figures






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






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






20. Suggested Retail Price






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






22. A bill






23. V = e 3






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






25. The borrower






26. Interest is paid four times a year






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






28. Share of the profits of a company






29. You may get a large return or get nothing






30. The original cost of an item






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






32. Interest is paid twice a year






33. The divisor of a fraction






34. A statement made about the future






35. A person who is tricked or swindled






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






37. Turning assets into cash.






38. Interest is paid twelve times a year






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






40. Non-payment






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






42. Two equivalent ratios joined by an equal sign.






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






44. Something that is expected to return a profit






45. Costs that fluctuate






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






47. 0.01 - 1/100 - hundredth






48. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.






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






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