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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. Paid dividends after the preference shares have been paid






2. The length of the loan






3. Percentage of the list price.






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






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






6. When several percentages occur in successions.






7. 0.01 - 1/100 - hundredth






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






9. Per annum - yearly






10. The lowest number in a group of data






11. Inside numbers in a ratio.






12. The number of sales / number of covers






13. 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






14. A number calculated from sample data






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






16. Second term in a ratio.






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






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






19. A person who is tricked or swindled






20. 1 ounce or less per guest






21. A statement made about the future






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






23. The money paid to an employee based on a percentage of their sales






24. Time worked beyond the established working hours






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






26. Paid in full






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






28. Commission fee - inflation rate - capital gains tax






29. Of one hundred






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






31. An item of data that has a different value at different times






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






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






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






35. Suggested Retail Price






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






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






38. A bill






39. To take away from the original cost of something






40. The point at which you stop losing money.






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






42. The number you are multipliying by






43. Interest is paid once a year






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






45. 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.






46. Two equivalent ratios joined by an equal sign.






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






48. Interest is paid twelve times a year






49. The difference between the highest and lowest numbers in a set of data






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







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