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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. You may get a large return or get nothing






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






3. Something that is expected to return a profit






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






5. A bill






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






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






8. 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






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






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






11. A decrease in price or value






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






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






14. (simple average) adding the group of items and dividing by the total number of items






15. 3am or 4am when most people are in a deep sleep.






16. 1 ounce or less per guest






17. The person paying to borrow property for a certain amount of time for payments






18. V = pir2h






19. Cash + receivables/ current liabilities.






20. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.






21. 0.01 - 1/100 - hundredth






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






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






24. Interest is paid twice a year






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






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






27. The length of time until the debt is zero






28. Interest is paid 365 times a year






29. When several percentages occur in successions.






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






31. An item of data the stays the same






32. Interest calculated on the principle






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






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






35. Time worked beyond the established working hours






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






37. The point at which you stop losing money.






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






39. The number you are multipliying by






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






41. To take away from the original cost of something






42. The first number






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






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






45. End of month.






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






47. # of servings of an item / total number of servings of all items in that category each day






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






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






50. Will not decay or rot