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 original cost of an item






2. Per day






3. The amount that can actually be eaten - after trimming and cooking






4. 0.01 - 1/100 - hundredth






5. Electronic - portable (pocket) - computer - spreadsheets






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






7. Interest calculated on the principal plus any accumulated interest






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






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






10. Paid in full






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






12. A number to be divided by another number






13. Two equivalent ratios joined by an equal sign.






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






15. Commission fee - inflation rate - capital gains tax






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






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






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






19. 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






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






21. An item of data the stays the same






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






23. The most frequently occuring value in a group of data






24. V = pir2h






25. Total annual sales/365






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






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






28. The amount of money borrowed is less than 75% of the purchase price






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






30. The price after any down-payment or trade-in






31. Tenth - .1






32. Parts of a whole number






33. Share of the profits of a company






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






35. Shows the assets - liabilities and financial position of the company






36. Direct materials cost plus direct labor cost.






37. Money given to someone on condition the person will return the money and interest by a specific date






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






39. The lowest number in a group of data






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






41. Outside numbers in a ratio.






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






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






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






45. The total of units multiplied by the price






46. Get temporarily






47. The first number






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






49. Number calculated from population data






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