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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. Total fixed costs/ selling price-variable cost






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






3. Something that is expected to return a profit






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






5. V = pir2h






6. The depreciation of an asset as an expense






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






8. A number to be divided by another number






9. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'






10. Real estate (houses - condos - warehouses - factories - etc)






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






12. Thousandth






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






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






15. Commission fee - inflation rate - capital gains tax






16. # of servings of an item / total number of servings of all items in that category each day






17. Non-payment






18. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.






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






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






21. V = 1/3 pir2h






22. Turning assets into cash.






23. Parts of a whole number






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






25. Total amount before another amount is added or subtracted






26. Preference and common






27. Interest is paid twelve times a year






28. A series of discounts






29. The point at which you stop losing money.






30. A bill






31. First term in a ratio.






32. The property of having material worth (often indicated by the amount of money something would bring if sold)






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






34. When two ratios are equal






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






36. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)






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






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






39. Per day






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






41. Number calculated from population data






42. Simple and compound






43. Deciding if its worth the risk






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






45. Per annum - yearly






46. The number to be divided by






47. The majority of the early payments go toward paying the interest on the loan






48. Interest is paid once a year






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






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