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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. Indicators of the confidence investors have in a company (the higher the better)






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






3. The lowest number in a group of data






4. The number of sales / number of covers






5. When several percentages occur in successions.






6. To not spend






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






8. Current assets/ current liabilities






9. Parts of a whole number






10. Per day






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






12. Adding columns of figures horizontally and vertically to check that the totals agree






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






14. A portion of the population being studied






15. Of one hundred






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






17. V=lwh






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






19. Accounts receivable/ average daily sales






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






21. 1 ounce or less per guest






22. Liable to perish






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






24. 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






25. Costs that remain constant






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






27. Scaling factor based on yield






28. The money paid to an employee based on a percentage of their sales






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






30. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'






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






32. Interest calculated on the principle






33. # of servings of an item / total number of servings of all items in that category each day






34. Simple and compound






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






36. Turning assets into cash.






37. The point at which you stop losing money.






38. The length of time until the debt is zero






39. Will not decay or rot






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






41. 3am or 4am when most people are in a deep sleep.






42. To take away from the original cost of something






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






44. The divisor of a fraction






45. The owner of the property






46. The amount that can actually be eaten - after trimming and cooking






47. V = pir2h






48. Suggested Retail Price






49. A percentage discount for buyers associated with the products being sold






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