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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. Turning assets into cash.






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






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






4. The number you are dividing by






5. Interest is paid twice a year






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






7. The number you are multipliying by






8. Of one hundred






9. Scaling factor based on yield






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






11. Liable to perish






12. Interest is paid 365 times a year






13. The owner of the property






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






15. The length of the loan






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






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






18. Direct materials cost plus direct labor cost.






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






20. Interest calculated on the principle






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






22. The score that falls in the middle






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






24. Second term in a ratio.






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






26. The original cost of an item






27. Where info is collected for every unit of the population






28. V = e 3






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






30. The difference between the highest and lowest numbers in a set of data






31. The price paid after the trade discount has been subtracted.






32. A number to be divided by another number






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






34. Interest is paid four times a year






35. 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.






36. A series of discounts






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






38. Total amount before another amount is added or subtracted






39. Outside numbers in a ratio.






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






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






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






43. A loan






44. The number of sales / number of covers






45. A number calculated from sample data






46. Simple and compound






47. 0.01 - 1/100 - hundredth






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






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






50. The highest number in a group of data