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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. When an item is discounted or less than the original price






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






3. Interest is paid twelve times a year






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






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






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






7. The point at which you stop losing money.






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






9. 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






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






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






12. Total annual sales/365






13. A paper that entitles the holder to a discount on a particular item






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






15.






16. A statement made about the future






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






18. Current assets/ current liabilities






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






20. Total amount before another amount is added or subtracted






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






22. V = 1/3 pir2h






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






24. A number to be divided by another number






25. The final figures






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






27. A series of discounts






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






29. Security for a loan






30. Of one hundred






31. Commission fee - inflation rate - capital gains tax






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






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






34. The divisor of a fraction






35. Suggested Retail Price






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






37. Multiply cross products to solve (top x bottom = top x bottom)






38. N. items or materials needed for something such as a business - expedition - or vessel






39. Discounts offered to encourage customers to pay their bills on time






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






41. Allows you to buy merchandise from a supplier and pay at a later - specified date.






42. Interest is paid 365 times a year






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






44. Interest calculated on the principle






45. End of month.






46. 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.






47. A portion of the population being studied






48. Thousandth






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






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







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Can you answer 50 questions in 15 minutes?


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