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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. The most frequently occuring value in a group of data






2. A percentage discount to customers






3. The highest number in a group of data






4. The amount of money borrowed is less than 75% of the purchase price






5. The number of sales / number of covers






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






7. Outside numbers in a ratio.






8. One thousand grams - thousand






9. Total amount before another amount is added or subtracted






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






11. The point at which you stop losing money.






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






13. Number calculated from population data






14. The number by which a dividend is divided






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






16. A measure of the number of days needed to collect accounts receivable.






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






18. The number to be divided by






19. Sheet that lists all menu items that are going - to be prepared for a given date






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






21. The original cost of an item






22. 0.01 - 1/100 - hundredth






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






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






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






26. Paid dividends after the preference shares have been paid






27. Amounts of money you owe






28. A comparison of two numbers






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






30. Simple and compound






31. Costs that remain constant






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






33. You may get a large return or get nothing






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






35. Shows the assets - liabilities and financial position of the company






36. Interest is paid twice a year






37. The lender






38. Tenth - .1






39. The divisor of a fraction






40. An item of data the stays the same






41. Current assets/ current liabilities






42. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers






43. The length of time until the debt is zero






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






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






46. A statement made about the future






47. Cash or assets that can quickly be converted into cash.






48.






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






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