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






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






3. Algebraic - arithmetic






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






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






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






7. The total of units multiplied by the price






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






9. Number calculated from population data






10. Paid in full






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






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






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






14. The depreciation of an asset as an expense






15. 1 ounce or less per guest






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






17. Share of the profits of a company






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






19. The variable of the percentage formula that represents 100% - or the whole thing.






20. The lender






21. A series of discounts






22. Interest is paid four times a year






23. Per day






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






25. The info collected from a survey and the figures generated through statistical analysis






26. To not spend






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






28. Direct materials cost plus direct labor cost.






29. Commission fee - inflation rate - capital gains tax






30. Two equivalent ratios joined by an equal sign.






31. Percentage of the list price.






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






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






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






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






36. An item of data the stays the same






37. Be sufficient to meet - defray - or offset the charge or cost of






38. The final figures






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






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






41. Interest is paid twice a year






42. 0.01 - 1/100 - hundredth






43. V = e 3






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






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






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






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






48.






49. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.






50. Things you own