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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 paper that entitles the holder to a discount on a particular item






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






3. The price paid after the trade discount has been subtracted.






4. An item of data the stays the same






5. Electronic - portable (pocket) - computer - spreadsheets






6. Basic unit of volume in the metric system






7. Things you own






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






9. The number you are multipliying by






10. The highest number in a group of data






11. Cash + receivables/ current liabilities.






12. Interest calculated on the principal plus any accumulated interest






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






14. The point where income and expenses intersect (no loss or profit)






15. Direct materials cost plus direct labor cost.






16. A bill






17. A percentage discount to customers






18. Keeping budgeted costs as close as possible to actual costs.






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






20.






21. Security for a loan






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






23. Costs that fluctuate






24. The total of units multiplied by the price






25. You may get a large return or get nothing






26. The depreciation of an asset as an expense






27. Percentage of the list price.






28. A loan






29. Paid in full






30. The first number






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






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






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






34. End of month.






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






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






37. N. items or materials needed for something such as a business - expedition - or vessel






38. Interest is paid twice a year






39. Compares two numbers or quantities by using division.






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






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






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






43. More than one frequently occuring value in a group of data






44. 3am or 4am when most people are in a deep sleep.






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






46. Share of the profits of a company






47. Interest is paid four times a year






48. 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






49. 1 ounce or less per guest






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