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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. Inside numbers in a ratio.






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






3. 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






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






5. Total amount before another amount is added or subtracted






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






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






8. The first number






9. Time worked beyond the established working hours






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






11. The number by which a dividend is divided






12. Interest calculated on the principle






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






14. The interest amount is small - but you are guaranteed to get something






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






16. A person who is tricked or swindled






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






18. One thousand grams - thousand






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






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






21. The original cost of an item






22. The depreciation of an asset as an expense






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






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






25. V = e 3






26. When several percentages occur in successions.






27. Total annual sales/365






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






29. Investing in a well-established company






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






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






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






33. First term in a ratio.






34. A complete set of individuals - objects or scores being studied






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






36. Interest calculated on the principal plus any accumulated interest






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






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






39. 3am or 4am when most people are in a deep sleep.






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






41. Security for a loan






42. The unexpected variablility of returns






43. Manages; guides; controls; commands; tells or shows the way






44. Total fixed costs/ selling price-variable cost






45. The divisor of a fraction






46. When two ratios are equal






47. 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.






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






49. 1 ounce or less per guest






50. A portion of the population being studied