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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. Interest is paid 365 times a year






2. You may get a large return or get nothing






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






4. The number you are multipliying by






5. V = e 3






6. A person who is tricked or swindled






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






8. The lender






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






10. A statement made about the future






11. Non-payment






12. The point at which you stop losing money.






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






14. Interest is paid twelve times a year






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






16. The length of time until the debt is zero






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






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






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






20. Security for a loan






21. Direct materials cost plus direct labor cost.






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






23. A chart showing the lines of responsibility between departments of a large organization






24. First term in a ratio.






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






26. A comparison of two numbers






27. The lowest number in a group of data






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






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






30. A decimal figure when x by 2400 gives an approximate annual interest rate






31. Outside numbers in a ratio.






32. Number calculated from population data






33. The owner of the property






34. Inside numbers in a ratio.






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






36. Will not decay or rot






37. Things you own






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






39. The total of units multiplied by the price






40. Basic unit of volume in the metric system






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






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






43. Liable to perish






44. The highest number in a group of data






45. The amount of money borrowed is between 75% - 95% of the purchase price






46. A number calculated from sample data






47. End of month.






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






49. Amounts of money you owe






50. Cash + receivables/ current liabilities.