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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. Provide a specific dividend that is paid before any dividends are paid to common stock holders






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






3. A statement made about the future






4. Interest is paid four times a year






5. Tenth - .1






6. Identifies short-term activities to implement strategic plans






7. 0.01 - 1/100 - hundredth






8. 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.






9. The borrower






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






11. The original cost of an item






12. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .






13. Costs that fluctuate






14. Interest is paid 365 times a year






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






16. Number calculated from population data






17. Interest is paid twice a year






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






19. Used when the each piece of data has more than one component






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






21. The amount of money borrowed is less than 75% of the purchase price






22. 3am or 4am when most people are in a deep sleep.






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






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






25. A percentage discount to customers






26. A person who is tricked or swindled






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






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






29. Total amount before another amount is added or subtracted






30. The number you are dividing by






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






32. Cash + receivables/ current liabilities.






33. First term in a ratio.






34. The price after any down-payment or trade-in






35. V = e 3






36. Money given to someone on condition the person will return the money and interest by a specific date






37. Amounts of money you owe






38. Suggested Retail Price






39. V = pir2h






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






41. Two equivalent ratios joined by an equal sign.






42. Of one hundred






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






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






45. Interest calculated on the principle






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






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






48. Interest calculated on the principal plus any accumulated interest






49. Current assets/ current liabilities






50. 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