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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. Tenth - .1






2. End of month.






3. Amounts of money you owe






4. The number of sales / number of covers






5. To not spend






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






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






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






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






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






11. Of one hundred






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






13. V = e 3






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






15. The price after any down-payment or trade-in






16. Basic unit of volume in the metric system






17. Something that is expected to return a profit






18. The unexpected variablility of returns






19. Current assets/ current liabilities






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






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






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






23. Second term in a ratio.






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






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






26. 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






27. Shows the assets - liabilities and financial position of the company






28. Commission fee - inflation rate - capital gains tax






29. Used often by business management to analyze the financial position of the business.






30. Compares two numbers or quantities by using division.






31. Total amount before another amount is added or subtracted






32. A rate that one currency can be exchanged for another






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






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






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






36. A decrease in price or value






37. A number calculated from sample data






38. Two equivalent ratios joined by an equal sign.






39. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.






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






41. The divisor of a fraction






42. Interest calculated on the principle






43. Paid in full






44. 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.






45. The depreciation of an asset as an expense






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






47. Interest is paid twice a year






48. Shows the money coming in and expenses for a certain period of time.






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






50. Get temporarily







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