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. Scaling factor based on yield






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






3. The number to be divided by






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






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






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






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






8. The owner of the property






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






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






11. A number calculated from sample data






12. Get temporarily






13. Deciding if its worth the risk






14. Direct materials cost plus direct labor cost.






15. End of month.






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






17. Part ownership in a company






18. Of one hundred






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






20. The lowest number in a group of data






21. Will not decay or rot






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






23. An itemized statement of money owed for goods shipped or services rendered






24. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers






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






26. A loan






27. Security for a loan






28. Two equivalent ratios joined by an equal sign.






29. Commission fee - inflation rate - capital gains tax






30. Amount of money coming in and going out of your business monthly






31. A comparison of two numbers






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






33. Turning assets into cash.






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






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






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






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






38. Inside numbers in a ratio.






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






40. Preference and common






41. The final figures






42. The price after any down-payment or trade-in






43. Time worked beyond the established working hours






44. Real estate (houses - condos - warehouses - factories - etc)






45. Costs that remain constant






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






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






48. Algebraic - arithmetic






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






50. Interest is paid four times a year