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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. To not spend






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






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






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






5. Non-payment






6. The point at which you stop losing money.






7. Interest is paid twice a year






8. Time worked beyond the established working hours






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






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






11. The length of the loan






12. When two ratios are equal






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






14. The amount of money borrowed is between 75% - 95% of the purchase price






15. Investing in a well-established company






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






17. Amount of money coming in and going out of your business monthly






18. Security for a loan






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






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






21. A decimal figure when x by 2400 gives an approximate annual interest rate






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






23. Identifies short-term activities to implement strategic plans






24. Second term in a ratio.






25. (simple average) adding the group of items and dividing by the total number of items






26. Interest calculated on the principle






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






28. 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






29. Total amount before another amount is added or subtracted






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






31. Inside numbers in a ratio.






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






33. Liable to perish






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






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






36. Things you own






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






38. Per day






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






40. Accounts receivable/ average daily sales






41. Get temporarily






42. A portion of the population being studied






43. Scaling factor based on yield






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






45. Direct materials cost plus direct labor cost.






46. Algebraic - arithmetic






47. Something that is expected to return a profit






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






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






50. The number of sales / number of covers