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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. Cash + receivables/ current liabilities.






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






3. The final figures






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






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






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






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






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






9. Simple and compound






10. V=lwh






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






12. Interest calculated on the principal plus any accumulated interest






13. Costs that fluctuate






14. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand






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






16. Non-payment






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






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






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






20. A number to be divided by another number






21. To not spend






22. The part of a fraction above the line - which tells how many parts are being counted.






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






24. A series of discounts






25. You may get a large return or get nothing






26. Costs that remain constant






27. Number calculated from population data






28. When several percentages occur in successions.






29. Manages; guides; controls; commands; tells or shows the way






30. A decimal figure when x by 2400 gives an approximate annual interest rate






31. Shows the money coming in and expenses for a certain period of time.






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






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






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






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






36. The variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.






37. Allows you to buy merchandise from a supplier and pay at a later - specified date.






38. The length of the loan






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






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






41. Current assets/ current liabilities






42.






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






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






45. The depreciation of an asset as an expense






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






47. Compares two numbers or quantities by using division.






48. Part ownership in a company






49. Total amount before another amount is added or subtracted






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







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Can you answer 50 questions in 15 minutes?


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