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






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






3. Something that is expected to return a profit






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






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






6. A number calculated from sample data






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






8. A decrease in price or value






9. One thousand grams - thousand






10. The most frequently occuring value in a group of data






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






12. Tenth - .1






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






14. Per annum - yearly






15. Liable to perish






16. First term in a ratio.






17. Amount of money coming in and going out of your business monthly






18. Interest is paid twelve times a year






19. Interest calculated on the principle






20. An item of data the stays the same






21. Things you own






22. A number to be divided by another number






23. A percentage discount for buyers associated with the products being sold






24. V = e 3






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






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






27. The lowest number in a group of data






28. The original cost of an item






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






30. You may get a large return or get nothing






31. When several percentages occur in successions.






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






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






34. Costs that remain constant






35. Interest is paid four times a year






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






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






38. A cost that rises or falls depending on how much is produced






39. Loans to companies or goverments (no voting rights)






40. Simple and compound






41. Share of the profits of a company






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






43. Identifies short-term activities to implement strategic plans






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






45. End of month.






46. 0.01 - 1/100 - hundredth






47. Cash or assets that can quickly be converted into cash.






48. 3am or 4am when most people are in a deep sleep.






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






50. The highest number in a group of data