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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 owner of the property






2. Interest is paid once a year






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






4. Costs that remain constant






5. The amount the property is worth at the end of the lease






6. Manages; guides; controls; commands; tells or shows the way






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






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






9. Current assets/ current liabilities






10. Interest is paid twelve times a year






11. When several percentages occur in successions.






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






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






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






15. The depreciation of an asset as an expense






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






17. Investing in a well-established company






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






19. Where info is collected for every unit of the population






20. The score that falls in the middle






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






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






23. A person who is tricked or swindled






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






25. Cost of the an item/# of portions it contains.






26. Get temporarily






27. The point where income and expenses intersect (no loss or profit)






28. Security for a loan






29. Two equivalent ratios joined by an equal sign.






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






31. 1 ounce or less per guest






32. Interest is paid four times a year






33. The lowest number in a group of data






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






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






36. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers






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






38. The total of units multiplied by the price






39. (simple average) adding the group of items and dividing by the total number of items






40. The point at which you stop losing money.






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






42. Real estate (houses - condos - warehouses - factories - etc)






43. Part ownership in a company






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






45. 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






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






47. The number you are multipliying by






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






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






50. Deciding if its worth the risk







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Can you answer 50 questions in 15 minutes?


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