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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 ratio of the number of workers that had to be replaced in a given time period to the average number of workers






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






3. The length of the loan






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






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






6. Direct materials cost plus direct labor cost.






7. Things you own






8. The number by which a dividend is divided






9. The divisor of a fraction






10. Will not decay or rot






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






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






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






14. A number to be divided by another number






15. Algebraic - arithmetic






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






17. A metric unit of weight equal to one thousandth of a kilogram






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






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






20. The borrower






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






22. The unexpected variablility of returns






23. An item of data that has a different value at different times






24. A statement made about the future






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






26. The lender






27. Accounts receivable/ average daily sales






28. The number you are multipliying by






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






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






31. 1 ounce or less per guest






32. Simple and compound






33. To not spend






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






35. The interest amount is small - but you are guaranteed to get something






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






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






38. The new percent obtained by subtracting the change percent from 100%.






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






40. 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.






41. Something that is expected to return a profit






42. You may get a large return or get nothing






43. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'






44. The point at which you stop losing money.






45. Interest calculated on the principle






46. Number calculated from population data






47. Keeping budgeted costs as close as possible to actual costs.






48. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .






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






50. Liable to perish