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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 comparison of two numbers






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






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






4. Share of the profits of a company






5. Get temporarily






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






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






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






9. The number to be divided by






10. Interest calculated on the principal plus any accumulated interest






11. Interest is paid twelve times a year






12. V = pir2h






13. V = e 3






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






15. 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






16. 3am or 4am when most people are in a deep sleep.






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






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






19. Suggested Retail Price






20. The first number






21. End of month.






22. Costs that remain constant






23. Direct materials cost plus direct labor cost.






24. The number of sales / number of covers






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






26. V = 1/3 pir2h






27. Non-payment






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






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






30. Interest is paid twice a year






31. A series of discounts






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






33. The number you are dividing by






34. Costs that fluctuate






35. Liable to perish






36. A statement made about the future






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






38. An inventory costing method that assigns the most recent costs to ending inventory






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






40.






41. The number by which a dividend is divided






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






43. The divisor of a fraction






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






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






46. The owner of the property






47. When several percentages occur in successions.






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






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






50. Part ownership in a company