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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. Per day






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






3. A chart that shows the balance of the mortgage after each amortization period






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






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






6. Share of the profits of a company






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






8. Costs that remain constant






9. The point at which you stop losing money.






10. A statement made about the future






11. Direct materials cost plus direct labor cost.






12. Things you own






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






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






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






16. Tenth - .1






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






18. A metric unit of weight equal to one thousandth of a kilogram






19. Electronic - portable (pocket) - computer - spreadsheets






20. The number you are multipliying by






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






22. Liable to perish






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






24.






25. Total annual sales/365






26. V=lwh






27. A comparison of two numbers






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






29. The number of sales / number of covers






30. An item of data the stays the same






31. Thousandth






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






33. The depreciation of an asset as an expense






34. Outside numbers in a ratio.






35. Indicators of the confidence investors have in a company (the higher the better)






36. The unexpected variablility of returns






37. Interest is paid once a year






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






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






40. Turning assets into cash.






41. A loan






42. The borrower






43. A portion of the population being studied






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






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






46. 1 ounce or less per guest






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






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






49. The number you are dividing by






50. Per annum - yearly