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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 majority of the early payments go toward paying the interest on the loan






2. Money earned on an investment or paid on a loan






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






4. A comparison of two numbers






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






6. V = e 3






7. When an item is discounted or less than the original price






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






9. A way of expressing a change from an original amount to a new amount without using a percentage sign.






10. Turning assets into cash.






11. The lowest number in a group of data






12. Scaling factor based on yield






13. Deciding if its worth the risk






14. Simple and compound






15. The length of the loan






16. Percentage of the list price.






17. Interest is paid once a year






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






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






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






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






22. Interest is paid twice a year






23. Accounts receivable/ average daily sales






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






25. A person who is tricked or swindled






26. One thousand grams - thousand






27. Be sufficient to meet - defray - or offset the charge or cost of






28. 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






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






30. Preference and common






31. Thousandth






32. More than one frequently occuring value in a group of data






33. The person paying to borrow property for a certain amount of time for payments






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






35. Discounts offered to encourage customers to pay their bills on time






36. Direct materials cost plus direct labor cost.






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






38. The number of sales / number of covers






39. A series of discounts






40. Two equivalent ratios joined by an equal sign.






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






42. Outside numbers in a ratio.






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






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






45. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized






46. Will not decay or rot






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






48. End of month.






49. Sheet that lists all menu items that are going - to be prepared for a given date






50. Something that is expected to return a profit