## Test your basic knowledge |

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

**2. A rate that one currency can be exchanged for another**

**3. One thousand grams - thousand**

**4. Tenth - .1**

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

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

**7. Number calculated from population data**

**8. The final figures**

**9. Share of the profits of a company**

**10. The original cost of an item**

**11. Per day**

**12. The total of units multiplied by the price**

**13. Algebraic - arithmetic**

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

**15. Total annual sales/365**

**16. Keeping budgeted costs as close as possible to actual costs.**

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

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

**19. Amounts of money you owe**

**20. Cash or assets that can quickly be converted into cash.**

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

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

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

**24. The variable of the percentage formula that represents 100% - or the whole thing.**

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

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

**27. Money earned on an investment or paid on a loan**

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

**29. V = e 3**

**30. A portion of the population being studied**

**31. Get temporarily**

**32.**

**33. Accounts receivable/ average daily sales**

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

**35. The lowest number in a group of data**

**36. The number by which a dividend is divided**

**37. Direct materials cost plus direct labor cost.**

**38. A decrease in price or value**

**39. The unexpected variablility of returns**

**40. A comparison of two numbers**

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

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

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

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

**45. The point where income and expenses intersect (no loss or profit)**

**46. Parts of a whole number**

**47. Total amount before another amount is added or subtracted**

**48. Be sufficient to meet - defray - or offset the charge or cost of**

**49. First term in a ratio.**

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