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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. Get temporarily






2. Preference and common






3. N. items or materials needed for something such as a business - expedition - or vessel






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






5. Accounts receivable/ average daily sales






6. A comparison of two numbers






7. Per annum - yearly






8. Total amount before another amount is added or subtracted






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






10. Scaling factor based on yield






11. Per day






12. The depreciation of an asset as an expense






13. A portion of the population being studied






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






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






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






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






18. To not spend






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






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






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






22. End of month.






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






24. Second term in a ratio.






25. 1 ounce or less per guest






26. Identifies short-term activities to implement strategic plans






27. Systematic recording of all sales achieved during a predetermined time period






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






29. Suggested Retail Price






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






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






32. Inside numbers in a ratio.






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






34. Something that is expected to return a profit






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






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






37. Thousandth






38. The number you are dividing by






39. V=lwh






40. The lowest number in a group of data






41. Compares two numbers or quantities by using division.






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






43. Interest is paid once a year






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






45. 0.01 - 1/100 - hundredth






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






47. One thousand grams - thousand






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






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






50. Share of the profits of a company