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






2. 0.01 - 1/100 - hundredth






3. Identifies short-term activities to implement strategic plans






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






5. The number to be divided by






6. The number of sales / number of covers






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






8. Thousandth






9. Loans to companies or goverments (no voting rights)






10. Of one hundred






11. Compares two numbers or quantities by using division.






12. Interest is paid four times a year






13. Interest is paid twelve times a year






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






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






16. Scaling factor based on yield






17. Interest is paid twice a year






18. V = 1/3 pir2h






19. A loan






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






21. Current assets/ current liabilities






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






23. Turning assets into cash.






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






25. Interest is paid once a year






26. First term in a ratio.






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






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






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






30. 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






31. A way of expressing a change from an original amount to a new amount without using a percentage sign.






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






33. Get temporarily






34. Interest is paid 365 times a year






35. A statement made about the future






36. The number you are multipliying by






37.






38. The length of the loan






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






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






41. When two ratios are equal






42. Interest calculated on the principle






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






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






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






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






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






48. The score that falls in the middle






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






50. A chart that shows the balance of the mortgage after each amortization period







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Can you answer 50 questions in 15 minutes?


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