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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. Security for a loan






2. Interest is paid 365 times a year






3. Two equivalent ratios joined by an equal sign.






4. Paid dividends after the preference shares have been paid






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






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






7. Suggested Retail Price






8. A percentage discount to customers






9. A written form listing the specific characteristics of a product that is to be purchased from a supplier.






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






11. The original cost of an item






12. Per annum - yearly






13. The depreciation of an asset as an expense






14. A number to be divided by another number






15. V = 1/3 pir2h






16. A comparison of two numbers






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






18. Get temporarily






19. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern






20. The length of time until the debt is zero






21. The divisor of a fraction






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






23. Interest is paid once a year






24. Compares two numbers or quantities by using division.






25. Non-payment






26. A series of discounts






27. Interest is paid four times a year






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






29. Inside numbers in a ratio.






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






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






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






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






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






35. You may get a large return or get nothing






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






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






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






39. Turning assets into cash.






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






41. The most frequently occuring value in a group of data






42. A statement made about the future






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






44. Things you own






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






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






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






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






49. A bill






50. Liable to perish