## 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 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.**

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

**3. Total fixed costs/ selling price-variable cost**

**4. Interest is paid once a year**

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

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

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

**8. An item of data the stays the same**

**9. You may get a large return or get nothing**

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

**11. Total amount before another amount is added or subtracted**

**12. Paid in full**

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

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

**15. Preference and common**

**16. Second term in a ratio.**

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

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

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

**20. A decimal figure when x by 2400 gives an approximate annual interest rate**

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

**22. Provide a specific dividend that is paid before any dividends are paid to common stock holders**

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

**24. The most frequently occuring value in a group of data**

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

**26. Compares two numbers or quantities by using division.**

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

**28. The lender**

**29. A comparison of two numbers**

**30. Direct materials cost plus direct labor cost.**

**31.**

**32. Simple and compound**

**33. Percentage of the list price.**

**34. A chart showing the lines of responsibility between departments of a large organization**

**35. Per day**

**36. A rate that one currency can be exchanged for another**

**37. V = e 3**

**38. Get temporarily**

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

**40. The length of the loan**

**41. The length of time until the debt is zero**

**42. Loans to companies or goverments (no voting rights)**

**43. Will not decay or rot**

**44. A series of discounts**

**45. Interest calculated on the principle**

**46. The first number**

**47. When two ratios are equal**

**48. Current assets/ current liabilities**

**49. Paid dividends after the preference shares have been paid**

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