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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. Interest is paid twice a year






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






3. The total of units multiplied by the price






4. Inside numbers in a ratio.






5. The score that falls in the middle






6. The length of the loan






7. Amounts of money you owe






8. Thousandth






9. The final figures






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






11. Percentage of the list price.






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






13. Direct materials cost plus direct labor cost.






14. Part ownership in a company






15. The length of time until the debt is zero






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






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






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






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






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






21. Time worked beyond the established working hours






22. End of month.






23. Investing in a well-established company






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






25. Total fixed costs/ selling price-variable cost






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






27. Interest calculated on the principal plus any accumulated interest






28. Two equivalent ratios joined by an equal sign.






29. A number to be divided by another number






30. The owner of the property






31. Tenth - .1






32. A comparison of two numbers






33. Interest is paid 365 times a year






34. To take away from the original cost of something






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






36. A decrease in price or value






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






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






39. Scaling factor based on yield






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






41. The number of sales / number of covers






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






43. Interest is paid once a year






44. A percentage discount to customers






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






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






47. Number calculated from population data






48. A bill






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






50. Deciding if its worth the risk