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






2. Cash + receivables/ current liabilities.






3. Interest is paid twelve times a year






4. The number you are multipliying by






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






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






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






8. A portion of the population being studied






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






10. The lowest number in a group of data






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






12. Number calculated from population data






13. Interest is paid once a year






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






15. 0.01 - 1/100 - hundredth






16. The highest number in a group of data






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






18. The total of units multiplied by the price






19. 3am or 4am when most people are in a deep sleep.






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






21. 1 ounce or less per guest






22. Money earned on an investment or paid on a loan






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






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






25. Suggested Retail Price






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






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






28. The number by which a dividend is divided






29. Total annual sales/365






30. Interest calculated on the principal plus any accumulated interest






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






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






33.






34. Second term in a ratio.






35. Identifies short-term activities to implement strategic plans






36. Total fixed costs/ selling price-variable cost






37. The amount the property is worth at the end of the lease






38. One thousand grams - thousand






39. The price paid after the trade discount has been subtracted.






40. Will not decay or rot






41. Preference and common






42. Accounts receivable/ average daily sales






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






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






45. The score that falls in the middle






46. Per annum - yearly






47. Thousandth






48. Interest calculated on the principle






49. The lender






50. Cost associated with fixed expenses such as rent - debt service and administration.






Can you answer 50 questions in 15 minutes?



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