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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. To not spend






2. Scaling factor based on yield






3. One thousand grams - thousand






4. 0.01 - 1/100 - hundredth






5. When several percentages occur in successions.






6. Share of the profits of a company






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






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






9. The owner of the property






10. Direct materials cost plus direct labor cost.






11. The total of units multiplied by the price






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






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






14. Property other than real estate (often called a chattel mortgage)






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






16. A statement made about the future






17. Of one hundred






18. Interest calculated on the principal plus any accumulated interest






19.






20. Where info is collected for every unit of the population






21. Compares two numbers or quantities by using division.






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






23. Things you own






24. Interest calculated on the principle






25. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.






26. Basic unit of volume in the metric system






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






28. Cash + receivables/ current liabilities.






29. Number calculated from population data






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






31. Percentage of the list price.






32. When two ratios are equal






33. Per annum - yearly






34. The score that falls in the middle






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






36. The original cost of an item






37. The length of time until the debt is zero






38. 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






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






40. A decrease in price or value






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






42. A cost that does not change - no matter how much of a good is produced






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






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






45. First term in a ratio.






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






47. V=lwh






48. Manages; guides; controls; commands; tells or shows the way






49. The number of sales / number of covers






50. Non-payment