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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. The length of time until the debt is zero






2. The number you are dividing by






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






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






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






6. Security for a loan






7. Scaling factor based on yield






8. The original cost of an item






9. The length of the loan






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






11. A comparison of two numbers






12. Costs that fluctuate






13. Investing in a well-established company






14. Liable to perish






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






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






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






18. Parts of a whole number






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






20. A measure of how many times the value of the inventory is sold in one year.






21. 3am or 4am when most people are in a deep sleep.






22. Current assets/ current liabilities






23. Amounts of money you owe






24. Basic unit of volume in the metric system






25. The lender






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






27. The amount of money borrowed is between 75% - 95% of the purchase price






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






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






30. Interest calculated on the principal plus any accumulated interest






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






32. An item of data the stays the same






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






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






35. The highest number in a group of data






36. Non-payment






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






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






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






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






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






42. When two ratios are equal






43. The info collected from a survey and the figures generated through statistical analysis






44. Two equivalent ratios joined by an equal sign.






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






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






47. A number to be divided by another number






48. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern






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






50. The depreciation of an asset as an expense