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






2. A percentage discount to customers






3. Costs that fluctuate






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






5. Interest calculated on the principal plus any accumulated interest






6. The unexpected variablility of returns






7. A number calculated from sample data






8. V = e 3






9. 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






10. Deciding if its worth the risk






11. The length of the loan






12. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized






13. Interest is paid once a year






14. A chart that shows the balance of the mortgage after each amortization period






15. A number to be divided by another number






16. Will not decay or rot






17. Tenth - .1






18. The number to be divided by






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






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






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






22. Money charged by the government and added to the original price of an item






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






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






25. The lender






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






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






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






29. 1 ounce or less per guest






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






31. The owner of the property






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






33. An item of data the stays the same






34. The original cost of an item






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






36. The number you are dividing by






37. A statement made about the future






38. The number of sales / number of covers






39. The point at which you stop losing money.






40. A contract giving someone the right to use something for a certain length of time






41. Part ownership in a company






42. The highest number in a group of data






43. Paid dividends after the preference shares have been paid






44. 0.01 - 1/100 - hundredth






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






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






47. Simple and compound






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






49.






50. Compares two numbers or quantities by using division.