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






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






3. The lowest number in a group of data






4. 1 ounce or less per guest






5. Get temporarily






6. One thousand grams - thousand






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






8. The borrower






9. Deciding if its worth the risk






10. The number by which a dividend is divided






11. V=lwh






12. A comparison of two numbers






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






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






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






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






17. Interest calculated on the principle






18. Shows the assets - liabilities and financial position of the company






19. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized






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






21. A measure of how many times the value of the inventory is sold in one year.






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






23. 3am or 4am when most people are in a deep sleep.






24. Thousandth






25. A statement made about the future






26. Tenth - .1






27. Turning assets into cash.






28. Of one hundred






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






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






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






32. A decrease in price or value






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






34. Simple and compound






35. The price after any down-payment or trade-in






36. Total amount before another amount is added or subtracted






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






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






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






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






41. A loan






42. Percentage of the list price.






43. The highest number in a group of data






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






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






46. The divisor of a fraction






47. First term in a ratio.






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






49. 0.01 - 1/100 - hundredth






50. The money paid to an employee based on a percentage of their sales