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






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






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






4. Number calculated from population data






5. A bill






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






7. The number you are multipliying by






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






9. The depreciation of an asset as an expense






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






11. Costs that remain constant






12. The unexpected variablility of returns






13. The length of time until the debt is zero






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






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






16. A series of discounts






17. 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






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






19. You may get a large return or get nothing






20. The original cost of an item






21. Total amount before another amount is added or subtracted






22. One thousand grams - thousand






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






24. 1 ounce or less per guest






25. V=lwh






26. The number to be divided by






27. Costs that fluctuate






28. Thousandth






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






30. The point at which you stop losing money.






31. Interest is paid four times a year






32. To take away from the original cost of something






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






34.






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






36. When several percentages occur in successions.






37. The final figures






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






39. The part of a fraction above the line - which tells how many parts are being counted.






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






41. The borrower






42. Scaling factor based on yield






43. The smallest number - other than zero - that can be the denominator for two or more common fractions






44. Part ownership in a company






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






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






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






48. Interest calculated on the principal plus any accumulated interest






49. Current assets/ current liabilities






50. Non-payment