## 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. 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**

**2. Real estate (houses - condos - warehouses - factories - etc)**

**3. The number you are multipliying by**

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

**5. A number calculated from sample data**

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

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

**8. Electronic - portable (pocket) - computer - spreadsheets**

**9. Commission fee - inflation rate - capital gains tax**

**10. The first number**

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

**12. The lender**

**13. Will not decay or rot**

**14. The score that falls in the middle**

**15. The number of sales / number of covers**

**16. To not spend**

**17. Where info is collected for every unit of the population**

**18. Number calculated from population data**

**19. V = 1/3 pir2h**

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

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

**22.**

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

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

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

**26. The price after any down-payment or trade-in**

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

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

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

**30. A loan**

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

**32. 0.01 - 1/100 - hundredth**

**33. The final figures**

**34. Money earned on an investment or paid on a loan**

**35. Two equivalent ratios joined by an equal sign.**

**36. The amount of money borrowed is between 75% - 95% of the purchase price**

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

**38. Security for a loan**

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

**40. An itemized statement of money owed for goods shipped or services rendered**

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

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

**43. The variable of the percentage formula that represents 100% - or the whole thing.**

**44. Costs that fluctuate**

**45. First term in a ratio.**

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

**47. V = pir2h**

**48. Interest calculated on the principal plus any accumulated interest**

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

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