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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. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand






2. Algebraic - arithmetic






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






4. You may get a large return or get nothing






5. 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






6. The number to be divided by






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






8. Interest is paid twelve times a year






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






10. The new percent obtained by subtracting the change percent from 100%.






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






12. Cash + receivables/ current liabilities.






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






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






15. 0.01 - 1/100 - hundredth






16. Paid dividends after the preference shares have been paid






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






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






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






20. Paid in full






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






22. The price after any down-payment or trade-in






23. An inventory costing method that assigns the most recent costs to ending inventory






24. Something that is expected to return a profit






25. First term in a ratio.






26. The number you are multipliying by






27. Parts of a whole number






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






29. Loans to companies or goverments (no voting rights)






30. The amount of money borrowed is less than 75% of the purchase price






31. Costs that remain constant






32. Two equivalent ratios joined by an equal sign.






33. Will not decay or rot






34. To not spend






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






36. The divisor of a fraction






37. The length of time until the debt is zero






38. Shows the assets - liabilities and financial position of the company






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






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






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






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






43. A cost that rises or falls depending on how much is produced






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






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






46. Real estate (houses - condos - warehouses - factories - etc)






47. N. items or materials needed for something such as a business - expedition - or vessel






48. The number of sales / number of covers






49. The score that falls in the middle






50. V = e 3