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






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






3. 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






4. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)






5. The amount that can actually be eaten - after trimming and cooking






6. The lowest number in a group of data






7. Two equivalent ratios joined by an equal sign.






8. The depreciation of an asset as an expense






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






10. Interest is paid four times a year






11. The unexpected variablility of returns






12. Discounts offered to encourage customers to pay their bills on time






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






14. The score that falls in the middle






15. The point at which you stop losing money.






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






17. First term in a ratio.






18. Deciding if its worth the risk






19. A number to be divided by another number






20. Security for a loan






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






22. Part ownership in a company






23. Inside numbers in a ratio.






24. Interest is paid 365 times a year






25. You may get a large return or get nothing






26. Suggested Retail Price






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






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






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






30. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.






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






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






33. Per day






34. To not spend






35. Paid dividends after the preference shares have been paid






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






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






38. The divisor of a fraction






39. 1 ounce or less per guest






40. The owner of the property






41. Parts of a whole number






42. Current assets/ current liabilities






43. The variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.






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






45. Special hours of work regulations in several industries exempt or set different standards for certain employees






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






47. A loan






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






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






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






Can you answer 50 questions in 15 minutes?



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