## Test your basic knowledge |

# 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 length of the loan**

**2. Non-payment**

**3. V = e 3**

**4. Cash + receivables/ current liabilities.**

**5. Current assets/ current liabilities**

**6. Interest calculated on the principle**

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

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

**9. Algebraic - arithmetic**

**10. A loan**

**11. Tenth - .1**

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

**13. Amount of money coming in and going out of your business monthly**

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

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

**16. The lowest number in a group of data**

**17. Property other than real estate (often called a chattel mortgage)**

**18. The number to be divided by**

**19. A contract giving someone the right to use something for a certain length of time**

**20. Thousandth**

**21. A decrease in price or value**

**22. The original cost of an item**

**23. Something that is expected to return a profit**

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

**25. First term in a ratio.**

**26. The depreciation of an asset as an expense**

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

**28. A measure of how many times the value of the inventory is sold in one year.**

**29. Things you own**

**30. The total of units multiplied by the price**

**31. Deciding if its worth the risk**

**32. To take away from the original cost of something**

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

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

**35. The money paid to an employee based on a percentage of their sales**

**36. The final figures**

**37. A number to be divided by another number**

**38. When two ratios are equal**

**39. The borrower**

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

**41. Basic unit of volume in the metric system**

**42. Identifies short-term activities to implement strategic plans**

**43. Manages; guides; controls; commands; tells or shows the way**

**44. A cost that does not change - no matter how much of a good is produced**

**45. Investing in a well-established company**

**46. More than one frequently occuring value in a group of data**

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

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

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

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