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






2. Part ownership in a company






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






4. 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






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






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






7. Time worked beyond the established working hours






8. Second term in a ratio.






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






10. Identifies short-term activities to implement strategic plans






11. Security for a loan






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






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






14. Current assets/ current liabilities






15. The lender






16. Get temporarily






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






18. A chart showing the lines of responsibility between departments of a large organization






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






20. The point at which you stop losing money.






21. Thousandth






22. The owner of the property






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






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






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






26. Interest calculated on the principle






27. The score that falls in the middle






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






29. V = e 3






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






31. A loan






32. Per annum - yearly






33. The unexpected variablility of returns






34. Tenth - .1






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






36. Non-payment






37. The number you are multipliying by






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






39. 0.01 - 1/100 - hundredth






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






41. A comparison of two numbers






42. Money earned on an investment or paid on a loan






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






44. The point where income and expenses intersect (no loss or profit)






45. Cash + receivables/ current liabilities.






46. Special hours of work regulations in several industries exempt or set different standards for certain employees






47. Total annual sales/365






48. The total of units multiplied by the price






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






50. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.