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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. You may get a large return or get nothing






2. First term in a ratio.






3. Accounts receivable/ average daily sales






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






5. Get temporarily






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






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






8. Used when the each piece of data has more than one component






9. Tenth - .1






10. 0.01 - 1/100 - hundredth






11. The number by which a dividend is divided






12. Adding columns of figures horizontally and vertically to check that the totals agree






13. The number of sales / number of covers






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






15. End of month.






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






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






18. Cash + receivables/ current liabilities.






19. Liable to perish






20. V = e 3






21. The first number






22. Second term in a ratio.






23. Basic unit of volume in the metric system






24. The lowest number in a group of data






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






26. Interest is paid four times a year






27. Identifies short-term activities to implement strategic plans






28. Paid in full






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






30. Current assets/ current liabilities






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






32. When several percentages occur in successions.






33. Of one hundred






34. Parts of a whole number






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






36. Commission fee - inflation rate - capital gains tax






37. The amount of money borrowed is less than 75% of the purchase price






38. 3am or 4am when most people are in a deep sleep.






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






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






41. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units






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






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






44. A statement made about the future






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






46. Part ownership in a company






47. Preference and common






48. The length of time until the debt is zero






49. V=lwh






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