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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. Basic unit of volume in the metric system






2. The process of repossessing and selling the real or personal property when the borrower has defaulted






3. V = pir2h






4. A series of discounts






5. Interest is paid 365 times a year






6. A decrease in price or value






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






8. Non-payment






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






10. One thousand grams - thousand






11. Tenth - .1






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






13. The number to be divided by






14. The owner of the property






15. The total of units multiplied by the price






16. Be sufficient to meet - defray - or offset the charge or cost of






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






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






19. Deciding if its worth the risk






20. A metric unit of weight equal to one thousandth of a kilogram






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






22. Outside numbers in a ratio.






23. The original cost of an item






24. Second term in a ratio.






25. Commission fee - inflation rate - capital gains tax






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






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






28. Costs that remain constant






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






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






31. The divisor of a fraction






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






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






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






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






36. Interest is paid twelve times a year






37. The first number






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






39. The length of the loan






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






41. Security for a loan






42. Simple and compound






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






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






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






46. Interest is paid once a year






47. Discounts offered to encourage customers to pay their bills on time






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






49. Interest is paid twice a year






50. Of one hundred