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






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






3. The person paying to borrow property for a certain amount of time for payments






4. The original cost of an item






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






6. 0.01 - 1/100 - hundredth






7. The owner of the property






8. A percentage discount to customers






9. Interest is paid twice a year






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






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






12. The lender






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






14. A number to be divided by another number






15. A decimal system of weights and measures based on the meter and the kilogram and the second






16. Security for a loan






17. A statement made about the future






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






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






20. Total annual sales/365






21. Percentage of the list price.






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






23. Thousandth






24. A number calculated from sample data






25. A person who is tricked or swindled






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






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






28. The score that falls in the middle






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






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






31. Per day






32. Identifies short-term activities to implement strategic plans






33. A series of discounts






34. Time worked beyond the established working hours






35. Amounts of money you owe






36. Will not decay or rot






37. Cost associated with fixed expenses such as rent - debt service and administration.






38. Money earned on an investment or paid on a loan






39. Compares two numbers or quantities by using division.






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






41. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand






42. Outside numbers in a ratio.






43. The borrower






44. The final figures






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






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






47. When several percentages occur in successions.






48. An item of data the stays the same






49. Accounts receivable/ average daily sales






50. Per annum - yearly







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Can you answer 50 questions in 15 minutes?


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