Test your basic knowledge |

DSST Business Math Vocab

  • 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 number of sales / number of covers

2. The point at which you stop losing money.

3. The amount the property is worth at the end of the lease

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

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

6. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern

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

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

9. V=lwh

10. Special hours of work regulations in several industries exempt or set different standards for certain employees

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

12. Direct materials cost plus direct labor cost.

13. V = pir2h

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

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

16. Algebraic - arithmetic

17. Compares two numbers or quantities by using division.

18. The final figures

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

20. Second term in a ratio.

21. Basic unit of volume in the metric system

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

23. Property other than real estate (often called a chattel mortgage)

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

25. The divisor of a fraction

26. A statement made about the future

27. Keeping budgeted costs as close as possible to actual costs.

28. A loan

29. Get temporarily

30. Total annual sales/365

31. Suggested Retail Price

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

33. Costs that remain constant

34. Interest is paid twelve times a year

35. Accounts receivable/ average daily sales

36. Costs that fluctuate

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

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

39. Liable to perish

40. When two ratios are equal

41. Time worked beyond the established working hours

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

43. V = 1/3 pir2h

44. The number by which a dividend is divided

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

46. 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

47. The number to be divided by

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

49. A chart that shows the balance of the mortgage after each amortization period

50. You may get a large return or get nothing