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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. Simple and compound






2. Two equivalent ratios joined by an equal sign.






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






4. Money given to someone on condition the person will return the money and interest by a specific date






5. The borrower






6. When two ratios are equal






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






8. The length of the loan






9. The original cost of an item






10. Manages; guides; controls; commands; tells or shows the way






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






12. The owner of the property






13. The final figures






14. First term in a ratio.






15. Interest is paid twice a year






16. Algebraic - arithmetic






17. Paid dividends after the preference shares have been paid






18. The number you are multipliying by






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






20. The number of sales / number of covers






21. An inventory costing method that assigns the most recent costs to ending inventory






22. The most frequently occuring value in a group of data






23. Accounts receivable/ average daily sales






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






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






26.






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






28. Inside numbers in a ratio.






29. Time worked beyond the established working hours






30. Per day






31. Current assets/ current liabilities






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






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






34. One thousand grams - thousand






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






36. Something that is expected to return a profit






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






38. A series of discounts






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






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






42. To not spend






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






44. The length of time until the debt is zero






45. When several percentages occur in successions.






46. # of servings of an item / total number of servings of all items in that category each day






47. The depreciation of an asset as an expense






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






49. Interest is paid twelve times a year






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