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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. Current assets/ current liabilities






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






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






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






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






6. Part ownership in a company






7. The number to be divided by






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






9. V = e 3






10. Systematic recording of all sales achieved during a predetermined time period






11. Total annual sales/365






12. Per annum - yearly






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






14. Money given to someone on condition the person will return the money and interest by a specific date






15. The total of units multiplied by the price






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






17. A series of discounts






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






19. Algebraic - arithmetic






20. Simple and compound






21. Interest is paid once a year






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






23. The number by which a dividend is divided






24. Inside numbers in a ratio.






25. Identifies short-term activities to implement strategic plans






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






27. A statement made about the future






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






29. You may get a large return or get nothing






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






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






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






33. Deciding if its worth the risk






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






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






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






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






38. Commission fee - inflation rate - capital gains tax






39. A portion of the population being studied






40. Will not decay or rot






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






42. Shows the money coming in and expenses for a certain period of time.






43. Amounts of money you owe






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






45. The number you are multipliying by






46. A written form listing the specific characteristics of a product that is to be purchased from a supplier.






47. Share of the profits of a company






48. Costs that remain constant






49. Scaling factor based on yield






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