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






2. A percentage discount to customers






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






4. Interest calculated on the principal plus any accumulated interest






5. 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






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






7. The length of the loan






8. Identifies short-term activities to implement strategic plans






9. The depreciation of an asset as an expense






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






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






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






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






14. Simple and compound






15. Two equivalent ratios joined by an equal sign.






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






17. Liable to perish






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






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






20. Systematic recording of all sales achieved during a predetermined time period






21. Property other than real estate (often called a chattel mortgage)






22. An item of data the stays the same






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






24. The variable of the percentage formula that represents a part of the base.






25. Current assets/ current liabilities






26. Direct materials cost plus direct labor cost.






27. Paid dividends after the preference shares have been paid






28. A decrease in price or value






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






30. Costs that fluctuate






31. Deciding if its worth the risk






32. Discounts offered to encourage customers to pay their bills on time






33. A comparison of two numbers






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






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






36. Preference and common






37. Part ownership in a company






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






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






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






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






42. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.






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






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






45. Commission fee - inflation rate - capital gains tax






46. A loan






47. When several percentages occur in successions.






48. Thousandth






49. Interest calculated on the principle






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