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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 chart showing the lines of responsibility between departments of a large organization






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






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






4. Identifies short-term activities to implement strategic plans






5. Direct materials cost plus direct labor cost.






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






7. A bill






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






9. Costs that remain constant






10. Something that is expected to return a profit






11. When an item is discounted or less than the original price






12. A statement made about the future






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






14. A percentage discount to customers






15. The process of repossessing and selling the real or personal property when the borrower has defaulted






16. 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.






17. Per day






18. Turning assets into cash.






19. The first number






20. Deciding if its worth the risk






21. Amounts of money you owe






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






23. When several percentages occur in successions.






24. Get temporarily






25. Time worked beyond the established working hours






26. The length of the loan






27. V = 1/3 pir2h






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






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






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






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






32. The score that falls in the middle






33. Total annual sales/365






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






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






36. Accounts receivable/ average daily sales






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






38. Cash + receivables/ current liabilities.






39. The borrower






40. Suggested Retail Price






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






42. 1 ounce or less per guest






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






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






45. Algebraic - arithmetic






46. A portion of the population being studied






47. Outside numbers in a ratio.






48. The depreciation of an asset as an expense






49. Interest is paid twice a year






50. The divisor of a fraction