## 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 of sales / number of covers**

**2. The point at which you stop losing money.**

**3. The amount the property is worth at the end of the lease**

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

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

**6. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern**

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

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

**9. V=lwh**

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

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

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

**13. V = pir2h**

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

**15. A cost that rises or falls depending on how much is produced**

**16. Algebraic - arithmetic**

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

**18. The final figures**

**19. A metric unit of weight equal to one thousandth of a kilogram**

**20. Second term in a ratio.**

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

**22. The majority of the early payments go toward paying the interest on the loan**

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

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

**25. The divisor of a fraction**

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

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

**28. A loan**

**29. Get temporarily**

**30. Total annual sales/365**

**31. Suggested Retail Price**

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

**33. Costs that remain constant**

**34. Interest is paid twelve times a year**

**35. Accounts receivable/ average daily sales**

**36. Costs that fluctuate**

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

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

**39. Liable to perish**

**40. When two ratios are equal**

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

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

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

**44. The number by which a dividend is divided**

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

**46. 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**

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

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

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

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