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






2. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers






3. Investing in a well-established company






4. Accounts receivable/ average daily sales






5. The number you are multipliying by






6. A percentage discount to customers






7. A written form listing the specific characteristics of a product that is to be purchased from a supplier.






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






9. A bill






10. A series of discounts






11. Total annual sales/365






12. The highest number in a group of data






13. Second term in a ratio.






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






15. A number calculated from sample data






16. Amounts of money you owe






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






18. The length of the loan






19. V = pir2h






20. Compares two numbers or quantities by using division.






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






22. The number of sales / number of covers






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






24. Will not decay or rot






25. Share of the profits of a company






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






27. Adding columns of figures horizontally and vertically to check that the totals agree






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






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






30. The total of units multiplied by the price






31. Direct materials cost plus direct labor cost.






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






33. Electronic - portable (pocket) - computer - spreadsheets






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






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






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






37. Of one hundred






38. When two ratios are equal






39. Interest is paid twice a year






40. Commission fee - inflation rate - capital gains tax






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






42. A person who is tricked or swindled






43. Paid dividends after the preference shares have been paid






44. The number you are dividing by






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






46. Interest is paid 365 times a year






47. Per day






48. The amount of money borrowed is less than 75% of the purchase price






49. Preference and common






50. The depreciation of an asset as an expense