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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. A decimal figure when x by 2400 gives an approximate annual interest rate






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






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






4. Amount of money coming in and going out of your business monthly






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






6. An item of data the stays the same






7. Simple and compound






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






9. Money earned on an investment or paid on a loan






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






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






12. Direct materials cost plus direct labor cost.






13. Parts of a whole number






14. Paid in full






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






16. Suggested Retail Price






17. The divisor of a fraction






18. When two ratios are equal






19. 3am or 4am when most people are in a deep sleep.






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






21. A chart showing the lines of responsibility between departments of a large organization






22. The property of having material worth (often indicated by the amount of money something would bring if sold)






23. First term in a ratio.






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






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






26. The borrower






27. A percentage discount to customers






28. The total of units multiplied by the price






29. A series of discounts






30. Allows you to buy merchandise from a supplier and pay at a later - specified date.






31. The lowest number in a group of data






32. 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






33. Preference and common






34. The point at which you stop losing money.






35. A measure of the number of days needed to collect accounts receivable.






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






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






38. When an item is discounted or less than the original price






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






40. To take away from the original cost of something






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






42. A paper that entitles the holder to a discount on a particular item






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






44. A number calculated from sample data






45. The most frequently occuring value in a group of data






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






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






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






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






50. Get temporarily






Can you answer 50 questions in 15 minutes?



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