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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 loan






2. 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






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






4. Number calculated from population data






5. Of one hundred






6.






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






8. Direct materials cost plus direct labor cost.






9. Part ownership in a company






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






11. 0.01 - 1/100 - hundredth






12. Interest is paid twelve times a year






13. Two equivalent ratios joined by an equal sign.






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






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






16. Things you own






17. Amounts of money you owe






18. A cost that does not change - no matter how much of a good is produced






19. The highest number in a group of data






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






21. Simple and compound






22. Current assets/ current liabilities






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






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






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






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






27. V=lwh






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






29. Cost associated with fixed expenses such as rent - debt service and administration.






30. 3am or 4am when most people are in a deep sleep.






31. Paid in full






32. The length of the loan






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






34. Share of the profits of a company






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






36. You may get a large return or get nothing






37. V = 1/3 pir2h






38. The owner of the property






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






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






41. The borrower






42. The point at which you stop losing money.






43. Interest is paid 365 times a year






44. The number to be divided by






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






46. The lowest number in a group of data






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






48. The number you are dividing by






49. Cash + receivables/ current liabilities.






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