## 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. A paper that entitles the holder to a discount on a particular item**

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

**3. The price paid after the trade discount has been subtracted.**

**4. An item of data the stays the same**

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

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

**7. Things you own**

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

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

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

**11. Cash + receivables/ current liabilities.**

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

**13. A measure of the number of days needed to collect accounts receivable.**

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

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

**16. A bill**

**17. A percentage discount to customers**

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

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

**20.**

**21. Security for a loan**

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

**23. Costs that fluctuate**

**24. The total of units multiplied by the price**

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

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

**27. Percentage of the list price.**

**28. A loan**

**29. Paid in full**

**30. The first number**

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

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

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

**34. End of month.**

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

**36. Cost of the an item/# of portions it contains.**

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

**38. Interest is paid twice a year**

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

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

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

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

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

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

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

**46. Share of the profits of a company**

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

**48. 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**

**49. 1 ounce or less per guest**

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