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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 length of the loan






2. Commission fee - inflation rate - capital gains tax






3. Total amount before another amount is added or subtracted






4. Allows you to buy merchandise from a supplier and pay at a later - specified date.






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






6. The highest number in a group of data






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






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






9. Cash + receivables/ current liabilities.






10. Interest is paid twelve times a year






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






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






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






14. Things you own






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






16. A comparison of two numbers






17. The variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.






18. Investing in a well-established company






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






20.






21. The borrower






22. Identifies short-term activities to implement strategic plans






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






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






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






26. Way to measure amount of product shrinkage during cooking/roasting process






27. V=lwh






28. The divisor of a fraction






29. A rate that one currency can be exchanged for another






30. The number you are multipliying by






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






32. A metric unit of weight equal to one thousandth of a kilogram






33. Paid dividends after the preference shares have been paid






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






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






36. Simple and compound






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






38. A bill






39. Scaling factor based on yield






40. End of month.






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






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






43. Compares two numbers or quantities by using division.






44. Per annum - yearly






45. A statement made about the future






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






47. The number by which a dividend is divided






48. V = pir2h






49. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand






50. Interest is paid 365 times a year