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






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






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






4. Algebraic - arithmetic






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






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






7. Loans to companies or goverments (no voting rights)






8. The borrower






9. A number calculated from sample data






10. Manages; guides; controls; commands; tells or shows the way






11. Amount of money coming in and going out of your business monthly






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






13. Identifies short-term activities to implement strategic plans






14. Scaling factor based on yield






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






16. Two equivalent ratios joined by an equal sign.






17. A portion of the population being studied






18.






19. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .






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






21. Interest is paid twice a year






22. Of one hundred






23. Turning assets into cash.






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






25. Special hours of work regulations in several industries exempt or set different standards for certain employees






26. The person paying to borrow property for a certain amount of time for payments






27. Interest calculated on the principal plus any accumulated interest






28. Tenth - .1






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






30. Non-payment






31. An item of data the stays the same






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






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






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






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






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






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






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






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






40. Liable to perish






41. Simple and compound






42. Paid dividends after the preference shares have been paid






43. A decrease in price or value






44. Way to measure amount of product shrinkage during cooking/roasting process






45. A percentage discount for buyers associated with the products being sold






46. A comparison of two numbers






47. An item of data that has a different value at different times






48. Compares two numbers or quantities by using division.






49. The original cost of an item






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







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