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. Time worked beyond the established working hours






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






3. Thousandth






4. The lowest number in a group of data






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






6. Amounts of money you owe






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






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






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






10. The variable of the percentage formula that represents 100% - or the whole thing.






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






12. Inside numbers in a ratio.






13. The original cost of an item






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






15. Interest is paid twice a year






16. V = e 3






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






18. Interest is paid once a year






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






20. Interest is paid four times a year






21. Parts of a whole number






22. Number calculated from population data






23. Cash + receivables/ current liabilities.






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






25. Paid dividends after the preference shares have been paid






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






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






28. A percentage discount for buyers associated with the products being sold






29. Per day






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






31. Costs that remain constant






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






33. Liable to perish






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






35. A decrease in price or value






36. A complete set of individuals - objects or scores being studied






37. Get temporarily






38. A rate that one currency can be exchanged for another






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






40. A percentage discount to customers






41. Something that is expected to return a profit






42. Costs that fluctuate






43. When an item is discounted or less than the original price






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






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






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






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






48. The price paid after the trade discount has been subtracted.






49. Things you own






50. Turning assets into cash.