## 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. 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**