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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. Amounts of money you owe






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






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






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






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






6. Compares two numbers or quantities by using division.






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






8. To take away from the original cost of something






9. Cash or assets that can quickly be converted into cash.






10. An inventory costing method that assigns the most recent costs to ending inventory






11. Simple and compound






12. First term in a ratio.






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






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






15. V = e 3






16. The number you are dividing by






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






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






19. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.






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






21. Interest is paid 365 times a year






22. Security for a loan






23. Interest is paid twice a year






24. Basic unit of volume in the metric system






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






26. Investing in a well-established company






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






28. The score that falls in the middle






29. Things you own






30. The number of sales / number of covers






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






32. 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.






33. Inside numbers in a ratio.






34. Second term in a ratio.






35. Real estate (houses - condos - warehouses - factories - etc)






36. The owner of the property






37. Paid dividends after the preference shares have been paid






38. A person who is tricked or swindled






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






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






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






42. Time worked beyond the established working hours






43. Suggested Retail Price






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






45. You may get a large return or get nothing






46. The borrower






47. Interest is paid four times a year






48. Commission fee - inflation rate - capital gains tax






49. A comparison of two numbers






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