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






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






3. A contract giving someone the right to use something for a certain length of time






4. The money paid to an employee based on a percentage of their sales






5. V = 1/3 pir2h






6. The highest number in a group of data






7. The point at which you stop losing money.






8. 1 ounce or less per guest






9. Commission fee - inflation rate - capital gains tax






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






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






12. Per annum - yearly






13. Compares two numbers or quantities by using division.






14. The length of time until the debt is zero






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






16. First term in a ratio.






17. Percentage of the list price.






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






19. Interest calculated on the principle






20. Non-payment






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






22. The number of sales / number of covers






23. End of month.






24. Of one hundred






25. The number by which a dividend is divided






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






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






28. Second term in a ratio.






29. The price paid after the trade discount has been subtracted.






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






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






32. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern






33. Discounts offered to encourage customers to pay their bills on time






34. Cost associated with fixed expenses such as rent - debt service and administration.






35. Thousandth






36. Investing in a well-established company






37. A series of discounts






38. Interest is paid 365 times a year






39. Total annual sales/365






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






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






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






43. Liable to perish






44. Basic unit of volume in the metric system






45. A statement made about the future






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






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






48. Tenth - .1






49. 3am or 4am when most people are in a deep sleep.






50. The divisor of a fraction