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. An item of data the stays the same






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






3. Scaling factor based on yield






4. Be sufficient to meet - defray - or offset the charge or cost of






5. Commission fee - inflation rate - capital gains tax






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






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






8. 3am or 4am when most people are in a deep sleep.






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






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






11. A chart showing the lines of responsibility between departments of a large organization






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






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






14. When several percentages occur in successions.






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






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






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






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






19. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized






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






21. Identifies short-term activities to implement strategic plans






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






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






24. Per annum - yearly






25. A series of discounts






26. The length of time until the debt is zero






27. You may get a large return or get nothing






28. Time worked beyond the established working hours






29. Deciding if its worth the risk






30. The depreciation of an asset as an expense






31. Thousandth






32. Algebraic - arithmetic






33. N. items or materials needed for something such as a business - expedition - or vessel






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






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






36. The original cost of an item






37. V=lwh






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






39. The final figures






40. The borrower






41. Compares two numbers or quantities by using division.






42. Outside numbers in a ratio.






43. A percentage discount to customers






44. The person paying to borrow property for a certain amount of time for payments






45. Interest is paid once a year






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






47. A paper that entitles the holder to a discount on a particular item






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






49. Money given to someone on condition the person will return the money and interest by a specific date






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