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






2. Time worked beyond the established working hours






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






4. Current assets/ current liabilities






5. Costs that remain constant






6. An itemized statement of money owed for goods shipped or services rendered






7. The lender






8. A person who is tricked or swindled






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






10. Interest is paid four times a year






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






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






13. Percentage of the list price.






14. End of month.






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






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






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






18. Something that is expected to return a profit






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






20. Turning assets into cash.






21. V=lwh






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






23. Scaling factor based on yield






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






25. A cost that does not change - no matter how much of a good is produced






26. The number of sales / number of covers






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






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






29.






30. The divisor of a fraction






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






32. A percentage discount to customers






33. 3am or 4am when most people are in a deep sleep.






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






35. The point at which you stop losing money.






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






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






38. V = 1/3 pir2h






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






40. Interest is paid 365 times a year






41. Liable to perish






42. Cash + receivables/ current liabilities.






43. Direct materials cost plus direct labor cost.






44. 0.01 - 1/100 - hundredth






45. The total of units multiplied by the price






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






47. Of one hundred






48. Interest calculated on the principal plus any accumulated interest






49. Compares two numbers or quantities by using division.






50. A comparison of two numbers