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






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






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






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






5. Identifies short-term activities to implement strategic plans






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






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






8. The length of time until the debt is zero






9. Costs that fluctuate






10. A person who is tricked or swindled






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






12. A loan






13. When two ratios are equal






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






15. Interest calculated on the principal plus any accumulated interest






16. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.






17. Interest is paid four times a year






18. Paid in full






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






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






21. An item of data the stays the same






22. Tenth - .1






23. The original cost of an item






24. Security for a loan






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






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






27. Preference and common






28. The number of sales / number of covers






29. V = pir2h






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






31. 3am or 4am when most people are in a deep sleep.






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






33. Interest calculated on the principle






34. The number by which a dividend is divided






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






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






37. The process of repossessing and selling the real or personal property when the borrower has defaulted






38. A decrease in price or value






39. A percentage discount to customers






40. Cash + receivables/ current liabilities.






41. Direct materials cost plus direct labor cost.






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






43. Simple and compound






44. V = 1/3 pir2h






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






46. Liable to perish






47. Get temporarily






48. Scaling factor based on yield






49. Adding columns of figures horizontally and vertically to check that the totals agree






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