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






2. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)






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






4. Algebraic - arithmetic






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






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






7. End of month.






8. The number you are dividing by






9. A bill






10. A number to be divided by another number






11. Tenth - .1






12. The depreciation of an asset as an expense






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






14. The process of repossessing and selling the real or personal property when the borrower has defaulted






15. Deciding if its worth the risk






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






17. Property other than real estate (often called a chattel mortgage)






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






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






20. Simple and compound






21. The length of time until the debt is zero






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






23. The owner of the property






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






25. Two equivalent ratios joined by an equal sign.






26. Thousandth






27. A decrease in price or value






28. Manages; guides; controls; commands; tells or shows the way






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






30. Of one hundred






31. Paid in full






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






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






34. Investing in a well-established company






35. Suggested Retail Price






36. The amount the property is worth at the end of the lease






37. The original cost of an item






38. Interest is paid twice a year






39. Something that is expected to return a profit






40. To take away from the original cost of something






41. Costs that fluctuate






42. The number you are multipliying by






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






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






45. V = pir2h






46. The length of the loan






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






48. First term in a ratio.






49. A statement made about the future






50. Second term in a ratio.