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






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






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






4. Interest calculated on the principle






5. Non-payment






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






7. The highest number in a group of data






8. Things you own






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






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






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






12. End of month.






13. The majority of the early payments go toward paying the interest on the loan






14. A number to be divided by another number






15. A statement made about the future






16. Interest is paid four times a year






17. The number you are dividing by






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






19. The first number






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






21. V = e 3






22. Interest calculated on the principal plus any accumulated interest






23. Basic unit of volume in the metric system






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






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






26. Turning assets into cash.






27. Something that is expected to return a profit






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






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






30. Current assets/ current liabilities






31. The point at which you stop losing money.






32. Second term in a ratio.






33. Per day






34. Costs that remain constant






35. Security for a loan






36. You may get a large return or get nothing






37. One thousand grams - thousand






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






39. The borrower






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






41. Of one hundred






42. Accounts receivable/ average daily sales






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






44. The total of units multiplied by the price






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






46. 1 ounce or less per guest






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






48. Share of the profits of a company






49. First term in a ratio.






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