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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 metric unit of weight equal to one thousandth of a kilogram






2. Turning assets into cash.






3. Real estate (houses - condos - warehouses - factories - etc)






4. Per annum - yearly






5. Costs that fluctuate






6. Discounts offered to encourage customers to pay their bills on time






7. Outside numbers in a ratio.






8. A number calculated from sample data






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






10. Cost of the an item/# of portions it contains.






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






12. A series of discounts






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






14. A decimal system of weights and measures based on the meter and the kilogram and the second






15. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.






16. Money charged by the government and added to the original price of an item






17. 0.01 - 1/100 - hundredth






18. Current assets/ current liabilities






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






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






21. End of month.






22. The owner of the property






23. 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.






24. Cost associated with fixed expenses such as rent - debt service and administration.






25. Parts of a whole number






26. A portion of the population being studied






27. Liable to perish






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






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






30. The point at which you stop losing money.






31. The lowest number in a group of data






32. The first number






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






34. Algebraic - arithmetic






35. A decrease in price or value






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






37. V = pir2h






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






39. Accounts receivable/ average daily sales






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






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






42. A chart that shows the balance of the mortgage after each amortization period






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






44. The unexpected variablility of returns






45. A comparison of two numbers






46. Costs that remain constant






47. The divisor of a fraction






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






49. The variable of the percentage formula that represents a part of the base.






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