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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. Part ownership in a company






2. The original cost of an item






3. The lowest number in a group of data






4. Accounts receivable/ average daily sales






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






6. Percentage of the list price.






7. Costs that fluctuate






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






9. Investing in a well-established company






10. The amount that can actually be eaten - after trimming and cooking






11. 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






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






13. A bill






14. End of month.






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






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






17. 3am or 4am when most people are in a deep sleep.






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






19. A complete set of individuals - objects or scores being studied






20. A number to be divided by another number






21. The score that falls in the middle






22. Scaling factor based on yield






23. V=lwh






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






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






26. The smallest number - other than zero - that can be the denominator for two or more common fractions






27. A number calculated from sample data






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






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






30. Per annum - yearly






31. The number by which a dividend is divided






32. Per day






33. Cash + receivables/ current liabilities.






34. A statement made about the future






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






36. Real estate (houses - condos - warehouses - factories - etc)






37. Total fixed costs/ selling price-variable cost






38. Two equivalent ratios joined by an equal sign.






39. Security for a loan






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






41. Identifies short-term activities to implement strategic plans






42. Of one hundred






43. Something that is expected to return a profit






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






45. V = 1/3 pir2h






46. Commission fee - inflation rate - capital gains tax






47. Time worked beyond the established working hours






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






49. When two ratios are equal






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