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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. Interest is paid twice a year






3. When two ratios are equal






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






5. 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.






6. Inside numbers in a ratio.






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






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






9. Accounts receivable/ average daily sales






10.






11. Algebraic - arithmetic






12. A number calculated from sample data






13. When several percentages occur in successions.






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






15. The smallest number - other than zero - that can be the denominator for two or more common fractions






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






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






18. Per annum - yearly






19. Interest is paid four times a year






20. The borrower






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






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






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






24. The depreciation of an asset as an expense






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






26. Paid in full






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






28. Turning assets into cash.






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






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






31. Investing in a well-established company






32. Identifies short-term activities to implement strategic plans






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






34. First term in a ratio.






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






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






37. Two equivalent ratios joined by an equal sign.






38. Total fixed costs/ selling price-variable cost






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






40. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.






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






42. The lender






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






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






45. A rate that one currency can be exchanged for another






46. A measure of the number of days needed to collect accounts receivable.






47. Time worked beyond the established working hours






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






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






50. Something that is expected to return a profit