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DSST Business Math Vocab

  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. An itemized statement of money owed for goods shipped or services rendered

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

3. One thousand grams - thousand

4. Tenth - .1

5. An item of data that has a different value at different times

6. The property of having material worth (often indicated by the amount of money something would bring if sold)

7. Number calculated from population data

8. The final figures

9. Share of the profits of a company

10. The original cost of an item

11. Per day

12. The total of units multiplied by the price

13. Algebraic - arithmetic

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

15. Total annual sales/365

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

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

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

19. Amounts of money you owe

20. Cash or assets that can quickly be converted into cash.

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

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

23. Used often by business management to analyze the financial position of the business.

24. The variable of the percentage formula that represents 100% - or the whole thing.

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

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

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

28. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'

29. V = e 3

30. A portion of the population being studied

31. Get temporarily


33. Accounts receivable/ average daily sales

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

35. The lowest number in a group of data

36. The number by which a dividend is divided

37. Direct materials cost plus direct labor cost.

38. A decrease in price or value

39. The unexpected variablility of returns

40. A comparison of two numbers

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

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

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

44. The variable of the percentage formula that represents a part of the base.

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

46. Parts of a whole number

47. Total amount before another amount is added or subtracted

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

49. First term in a ratio.

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