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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. The most frequently occuring value in a group of data






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






3. A number calculated from sample data






4. The number by which a dividend is divided






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






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






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






8. End of month.






9. Total fixed costs/ selling price-variable cost






10. A person who is tricked or swindled






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






12. Per annum - yearly






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






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






15. Deciding if its worth the risk






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






17. A cost that rises or falls depending on how much is produced






18. A cost that does not change - no matter how much of a good is produced






19. Security for a loan






20. When an item is discounted or less than the original price






21. One thousand grams - thousand






22. The part of a fraction above the line - which tells how many parts are being counted.






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






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






25. Interest is paid twice a year






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






27. Turning assets into cash.






28. Interest is paid twelve times a year






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






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






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






32. The number of sales / number of covers






33. Commission fee - inflation rate - capital gains tax






34. The first number






35. Interest is paid 365 times a year






36. The score that falls in the middle






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






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






39. 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.






40. V = pir2h






41. 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






42. The point at which you stop losing money.






43. To not spend






44. The price after any down-payment or trade-in






45. The divisor of a fraction






46. A loan






47. The depreciation of an asset as an expense






48. An item of data the stays the same






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






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