## 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 number by which a dividend is divided**

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

**3. Time worked beyond the established working hours**

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

**5. A series of discounts**

**6. Simple and compound**

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

**8. Non-payment**

**9. Preference and common**

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

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

**12. The highest number in a group of data**

**13. The number you are dividing by**

**14. 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**

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

**16. The lender**

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

**18. One thousand grams - thousand**

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

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

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

**22. V=lwh**

**23. Shows the assets - liabilities and financial position of the company**

**24. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .**

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

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

**27. The difference between the highest and lowest numbers in a set of data**

**28. Keeping budgeted costs as close as possible to actual costs.**

**29. Current assets/ current liabilities**

**30. A statement made about the future**

**31. Multiply cross products to solve (top x bottom = top x bottom)**

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

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

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

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

**36. The final figures**

**37. Interest is paid four times a year**

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

**39. End of month.**

**40. The divisor of a fraction**

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

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

**43. A portion of the population being studied**

**44. 3am or 4am when most people are in a deep sleep.**

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

**46. Algebraic - arithmetic**

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

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

**49. Per day**

**50. Be sufficient to meet - defray - or offset the charge or cost of**