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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 chart that shows the balance of the mortgage after each amortization period






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






3. The length of the loan






4. A statement made about the future






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






6. The lender






7. A cost that rises or falls depending on how much is produced






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






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






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






11. Per annum - yearly






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






13. Interest is paid twelve times a year






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






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






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






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






18. (simple average) adding the group of items and dividing by the total number of items






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






20. The amount the property is worth at the end of the lease






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






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






23. A measure of how many times the value of the inventory is sold in one year.






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






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






26. The difference between the highest and lowest numbers in a set of data






27. Time worked beyond the established working hours






28. Total fixed costs/ selling price-variable cost






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






30. Number calculated from population data






31. Outside numbers in a ratio.






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






33. The highest number in a group of data






34. Property other than real estate (often called a chattel mortgage)






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






36. Something that is expected to return a profit






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






38. Total amount before another amount is added or subtracted






39. Adding columns of figures horizontally and vertically to check that the totals agree






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






41. The part of a fraction above the line - which tells how many parts are being counted.






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






43. Things you own






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






45. The length of time until the debt is zero






46. The unexpected variablility of returns






47. Part ownership in a company






48. Cash or assets that can quickly be converted into cash.






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






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







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