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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 total of units multiplied by the price






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






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






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






5. A paper that entitles the holder to a discount on a particular item






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






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






8. The divisor of a fraction






9. Inside numbers in a ratio.






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






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






12. Accounts receivable/ average daily sales






13. When several percentages occur in successions.






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






15. Deciding if its worth the risk






16. The borrower






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






18. The length of time until the debt is zero






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






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






21. Interest is paid twelve times a year






22. Total annual sales/365






23. Paid in full






24. Scaling factor based on yield






25. Cash + receivables/ current liabilities.






26. You may get a large return or get nothing






27. Turning assets into cash.






28. Of one hundred






29. Interest is paid once a year






30. Something that is expected to return a profit






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






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






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






34. The original cost of an item






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






36. Non-payment






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






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






39. Per annum - yearly






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






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






42. Current assets/ current liabilities






43. Tenth - .1






44. A number to be divided by another number






45. A metric unit of weight equal to one thousandth of a kilogram






46. A comparison of two numbers






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






48. Compares two numbers or quantities by using division.






49. An item of data the stays the same






50. To take away from the original cost of something