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






2. V = pir2h






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






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






5. Commission fee - inflation rate - capital gains tax






6. Interest is paid twice a year






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






8. Per day






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






10. Indicators of the confidence investors have in a company (the higher the better)






11. The final figures






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






13. To take away from the original cost of something






14. Interest is paid twelve times a year






15. 3am or 4am when most people are in a deep sleep.






16. Non-payment






17. Current assets/ current liabilities






18. Total amount before another amount is added or subtracted






19. The number you are dividing by






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






21. Security for a loan






22. Scaling factor based on yield






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






24. Algebraic - arithmetic






25. A bill






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






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






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






29. The info collected from a survey and the figures generated through statistical analysis






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






31. The total of units multiplied by the price






32. The score that falls in the middle






33. Total annual sales/365






34. A percentage discount to customers






35. Property other than real estate (often called a chattel mortgage)






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






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






38. Two equivalent ratios joined by an equal sign.






39. The lowest number in a group of data






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






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






42. Preference and common






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






44. The length of the loan






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






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






47. Interest calculated on the principle






48. The smallest number - other than zero - that can be the denominator for two or more common fractions






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






50. Interest is paid four times a year