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






3. The majority of the early payments go toward paying the interest on the loan






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






5.






6. Paid in full






7. Algebraic - arithmetic






8. Amounts of money you owe






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






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






11. 1 ounce or less per guest






12. Of one hundred






13. Current assets/ current liabilities






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






15. Interest is paid four times a year






16. The divisor of a fraction






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






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






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






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






21. The length of the loan






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






23. An item of data the stays the same






24. Compares two numbers or quantities by using division.






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






26. Share of the profits of a company






27. The owner of the property






28. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units






29. V=lwh






30. The number you are dividing by






31. To take away from the original cost of something






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






33. V = 1/3 pir2h






34. The length of time until the debt is zero






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






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






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






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






39. The original cost of an item






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






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






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






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






44. When several percentages occur in successions.






45. Interest calculated on the principal plus any accumulated interest






46. Will not decay or rot






47. The total of units multiplied by the price






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






49. Something that is expected to return a profit






50. Scaling factor based on yield







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Can you answer 50 questions in 15 minutes?


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