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






2. Suggested Retail Price






3. Interest calculated on the principal plus any accumulated interest






4. The highest number in a group of data






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






6. Investing in a well-established company






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






8. To not spend






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






10. Costs that remain constant






11. Interest calculated on the principle






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






13. Used often by business management to analyze the financial position of the business.






14. Cash or assets that can quickly be converted into cash.






15. The lender






16. Thousandth






17. Commission fee - inflation rate - capital gains tax






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






19. V=lwh






20. Interest is paid twice a year






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






22. The divisor of a fraction






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






24. End of month.






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






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






27. Liable to perish






28. A bill






29. Discounts offered to encourage customers to pay their bills on time






30. Costs that fluctuate






31. Total fixed costs/ selling price-variable cost






32. Interest is paid 365 times a year






33. The smallest number - other than zero - that can be the denominator for two or more common fractions






34. When two ratios are equal






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






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






37. You may get a large return or get nothing






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






39. A percentage discount to customers






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






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






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






43. Shows the assets - liabilities and financial position of the company






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






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






46. A person who is tricked or swindled






47. Will not decay or rot






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






49. A number to be divided by another number






50. The point at which you stop losing money.