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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. (simple average) adding the group of items and dividing by the total number of items






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






3. Get temporarily






4. The variable of the percentage formula that represents 100% - or the whole thing.






5. The divisor of a fraction






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






7. Shows the money coming in and expenses for a certain period of time.






8. The number of sales / number of covers






9. Interest is paid twelve times a year






10. Things you own






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






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






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






14. Outside numbers in a ratio.






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






16. Costs that fluctuate






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






18. 1 ounce or less per guest






19. Loans to companies or goverments (no voting rights)






20. Interest calculated on the principle






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






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






23. Identifies short-term activities to implement strategic plans






24. The number by which a dividend is divided






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






26. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized






27. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.






28. Interest is paid 365 times a year






29. Basic unit of volume in the metric system






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






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






32. A comparison of two numbers






33. Percentage of the list price.






34. Be sufficient to meet - defray - or offset the charge or cost of






35. The score that falls in the middle






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






37. A decrease in price or value






38. An item of data the stays the same






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






40. The length of time until the debt is zero






41. 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






42. Will not decay or rot






43. The length of the loan






44. Paid in full






45. Two equivalent ratios joined by an equal sign.






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






47. First term in a ratio.






48. Current assets/ current liabilities






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






50. Commission fee - inflation rate - capital gains tax