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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 number of sales / number of covers






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






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






4. V = e 3






5. Total fixed costs/ selling price-variable cost






6. The lender






7. Get temporarily






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






9. Interest is paid twice a year






10. The original cost of an item






11. Something that is expected to return a profit






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






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






14. The unexpected variablility of returns






15. Investing in a well-established company






16. Interest calculated on the principle






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






18. Multiply cross products to solve (top x bottom = top x bottom)






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






20. The score that falls in the middle






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






22. You may get a large return or get nothing






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






24. Amount of money coming in and going out of your business monthly






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






26. A percentage discount to customers






27. Loans to companies or goverments (no voting rights)






28. Current assets/ current liabilities






29. 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






30. Interest is paid twelve times a year






31. To not spend






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






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






34. A bill






35. Things you own






36. Per day






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






38. A statement made about the future






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






40. The number you are dividing by






41. Algebraic - arithmetic






42. Turning assets into cash.






43. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern






44. A comparison of two numbers






45. Paid in full






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






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






48. 0.01 - 1/100 - hundredth






49. 1 ounce or less per guest






50. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'