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






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






3. The lowest number in a group of data






4. To not spend






5. 3am or 4am when most people are in a deep sleep.






6. The owner of the property






7. The process of repossessing and selling the real or personal property when the borrower has defaulted






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






9. The unexpected variablility of returns






10. The number you are multipliying by






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






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






13. The borrower






14. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.






15. The point at which you stop losing money.






16. Will not decay or rot






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






18. Share of the profits of a company






19. A percentage discount to customers






20. Percentage of the list price.






21. An itemized statement of money owed for goods shipped or services rendered






22. Costs that remain constant






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






24. A loan






25. Amounts of money you owe






26. A comparison of two numbers






27. Costs that fluctuate






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






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






30. Algebraic - arithmetic






31. V = e 3






32. Liable to perish






33. Interest is paid twice a year






34. Non-payment






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






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






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






38. Total fixed costs/ selling price-variable cost






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






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






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






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






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






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






45. A complete set of individuals - objects or scores being studied






46. The length of time until the debt is zero






47. The total of units multiplied by the price






48. Cash + receivables/ current liabilities.






49. The final figures






50. Get temporarily