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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. Way to measure amount of product shrinkage during cooking/roasting process






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






3. Parts of a whole number






4. Costs that remain constant






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






6. The point at which you stop losing money.






7. The number by which a dividend is divided






8. A percentage discount to customers






9. V = pir2h






10. Will not decay or rot






11. Two equivalent ratios joined by an equal sign.






12. First term in a ratio.






13.






14. The divisor of a fraction






15. A paper that entitles the holder to a discount on a particular item






16. A way of expressing a change from an original amount to a new amount without using a percentage sign.






17. Direct materials cost plus direct labor cost.






18. A decrease in price or value






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






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






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






22. Algebraic - arithmetic






23. The number to be divided by






24. A written form listing the specific characteristics of a product that is to be purchased from a supplier.






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






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






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






28. When two ratios are equal






29. The length of the loan






30. Where info is collected for every unit of the population






31. Adding columns of figures horizontally and vertically to check that the totals agree






32. Per day






33. An item of data the stays the same






34. Preference and common






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






36. Part ownership in a company






37. Non-payment






38. Paid in full






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






40. Interest is paid once a year






41. Commission fee - inflation rate - capital gains tax






42. The total of units multiplied by the price






43. Suggested Retail Price






44. 1 ounce or less per guest






45. Paid dividends after the preference shares have been paid






46. Liable to perish






47. V = 1/3 pir2h






48. The unexpected variablility of returns






49. Share of the profits of a company






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