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






2. Algebraic - arithmetic






3. The smallest number - other than zero - that can be the denominator for two or more common fractions






4. The unexpected variablility of returns






5. One thousand grams - thousand






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






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






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






9. The final figures






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






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






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






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






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






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






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






17. Total annual sales/365






18. The divisor of a fraction






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






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






21. A person who is tricked or swindled






22. Share of the profits of a company






23. You may get a large return or get nothing






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






25.






26. Paid dividends after the preference shares have been paid






27. The original cost of an item






28. The length of time until the debt is zero






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






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






31. Part ownership in a company






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






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






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






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






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






37. Suggested Retail Price






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






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






40. The number to be divided by






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






42. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.






43. A chart showing the lines of responsibility between departments of a large organization






44. Detailed instructions describing the way a particular foodservice operation prepares a particular dish






45. Time worked beyond the established working hours






46. A number calculated from sample data






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






48. Second term in a ratio.






49. Amounts of money you owe






50. 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.