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






2. Direct materials cost plus direct labor cost.






3. Identifies short-term activities to implement strategic plans






4. Outside numbers in a ratio.






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






6. Used when the each piece of data has more than one component






7. End of month.






8. Of one hundred






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






10. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)






11. A series of discounts






12. Algebraic - arithmetic






13. Total annual sales/365






14. Amounts of money you owe






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






16. Will not decay or rot






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






18. Paid dividends after the preference shares have been paid






19. Adding columns of figures horizontally and vertically to check that the totals agree






20. A number to be divided by another number






21. Thousandth






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






23. The final figures






24. 1 ounce or less per guest






25. A person who is tricked or swindled






26. Share of the profits of a company






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






28. First term in a ratio.






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






30. The original cost of an item






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






32. When an item is discounted or less than the original price






33. To not spend






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






35. Total amount before another amount is added or subtracted






36. Shows the assets - liabilities and financial position of the company






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






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






39. The first number






40. One thousand grams - thousand






41. The highest number in a group of data






42. Preference and common






43. Per day






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






45. Per annum - yearly






46. Get temporarily






47. Suggested Retail Price






48. The process of repossessing and selling the real or personal property when the borrower has defaulted






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






50. Investing in a well-established company







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