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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. Deciding if its worth the risk






2. Current assets/ current liabilities






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






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






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






6. Shows the assets - liabilities and financial position of the company






7. Scaling factor based on yield






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






9. An itemized statement of money owed for goods shipped or services rendered






10. Paid in full






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






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






13. Percentage of the list price.






14. Part ownership in a company






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






16. One thousand grams - thousand






17. Interest calculated on the principal plus any accumulated interest






18. The original cost of an item






19. The length of the loan






20. Something that is expected to return a profit






21. 3am or 4am when most people are in a deep sleep.






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






23. Investing in a well-established company






24. A comparison of two numbers






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






26. Accounts receivable/ average daily sales






27. The depreciation of an asset as an expense






28. Systematic recording of all sales achieved during a predetermined time period






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






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






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






32. Amounts of money you owe






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






34. Per annum - yearly






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






36. 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.






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






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






39. Suggested Retail Price






40. The divisor of a fraction






41. An item of data the stays the same






42. The total of units multiplied by the price






43. Two equivalent ratios joined by an equal sign.






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






45. To not spend






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






47. A series of discounts






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






49. The number you are multipliying by






50. When two ratios are equal