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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 represents 100% - or the whole thing.






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






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






4. Interest is paid twice a year






5. Keeping budgeted costs as close as possible to actual costs.






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






7. The number by which a dividend is divided






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






9. The info collected from a survey and the figures generated through statistical analysis






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






11. Preference and common






12. Paid dividends after the preference shares have been paid






13. Inside numbers in a ratio.






14. A loan






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






16. Compares two numbers or quantities by using division.






17. Non-payment






18. Part ownership in a company






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






20. One thousand grams - thousand






21. Algebraic - arithmetic






22. The length of the loan






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






24. The borrower






25. Cost associated with fixed expenses such as rent - debt service and administration.






26. To take away from the original cost of something






27. A percentage discount to customers






28. Percentage of the list price.






29. A person who is tricked or swindled






30. Share of the profits of a company






31. A comparison of two numbers






32. The owner of the property






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






34. Costs that fluctuate






35. Total annual sales/365






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






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






38. The number of sales / number of covers






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






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






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






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






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






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






45. Total fixed costs/ selling price-variable cost






46. V = 1/3 pir2h






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






48. First term in a ratio.






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






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