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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 borrower






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






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






4. Simple and compound






5. Deciding if its worth the risk






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






7. Provide a specific dividend that is paid before any dividends are paid to common stock holders






8. Interest is paid twelve times a year






9. The owner of the property






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






11. The amount the property is worth at the end of the lease






12. Interest calculated on the principal plus any accumulated interest






13. The number you are multipliying by






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






15. The lender






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






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






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






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






20. The number you are dividing by






21. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .






22. Discounts offered to encourage customers to pay their bills on time






23. Per annum - yearly






24. A person who is tricked or swindled






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






26. The length of the loan






27. The amount of money borrowed is between 75% - 95% of the purchase price






28. A decimal system of weights and measures based on the meter and the kilogram and the second






29. The unexpected variablility of returns






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






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






32. V = 1/3 pir2h






33. 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






34. A bill






35. A decimal figure when x by 2400 gives an approximate annual interest rate






36. Preference and common






37. A percentage discount to customers






38. Electronic - portable (pocket) - computer - spreadsheets






39. A complete set of individuals - objects or scores being studied






40. Current assets/ current liabilities






41. The depreciation of an asset as an expense






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






43. Compares two numbers or quantities by using division.






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






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






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






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






48. Suggested Retail Price






49. Liable to perish






50. Will not decay or rot