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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. Interest calculated on the principle






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






3. A contract giving someone the right to use something for a certain length of time






4. Multiply cross products to solve (top x bottom = top x bottom)






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






6. Compares two numbers or quantities by using division.






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






8.






9. Things you own






10. An item of data the stays the same






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






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






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






14. 1 ounce or less per guest






15. Interest calculated on the principal plus any accumulated interest






16. A person who is tricked or swindled






17. The highest number in a group of data






18. Non-payment






19. The depreciation of an asset as an expense






20. The score that falls in the middle






21. Algebraic - arithmetic






22. V = pir2h






23. Turning assets into cash.






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






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






26. Amounts of money you owe






27. The total of units multiplied by the price






28. Paid in full






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






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






31. The number you are multipliying by






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






33. Accounts receivable/ average daily sales






34. To not spend






35. Parts of a whole number






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






37. Costs that fluctuate






38. The original cost of an item






39. The lowest number in a group of data






40. When two ratios are equal






41. Time worked beyond the established working hours






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






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






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






45. The owner of the property






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






47. Percentage of the list price.






48. The variable of the percentage formula that represents a part of the base.






49. Get temporarily






50. Preference and common







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Can you answer 50 questions in 15 minutes?


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