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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. Non-payment






2. Interest calculated on the principle






3. The variable of the percentage formula that represents a part of the base.






4. Direct materials cost plus direct labor cost.






5. V = 1/3 pir2h






6. The variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.






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






8. Per annum - yearly






9. Compares two numbers or quantities by using division.






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






11. Costs that remain constant






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






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






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






15. A loan






16. The amount that can actually be eaten - after trimming and cooking






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






18. To take away from the original cost of something






19. A way of expressing a change from an original amount to a new amount without using a percentage sign.






20. A measure of how many times the value of the inventory is sold in one year.






21. The divisor of a fraction






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






23. Number calculated from population data






24. A percentage discount to customers






25. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.






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






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






28. 3am or 4am when most people are in a deep sleep.






29. Cash + receivables/ current liabilities.






30. To not spend






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






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






33. One thousand grams - thousand






34. Used often by business management to analyze the financial position of the business.






35. 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






36. Total annual sales/365






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






38. Percentage of the list price.






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






40. Two equivalent ratios joined by an equal sign.






41. A comparison of two numbers






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






43. Parts of a whole number






44. Amounts of money you owe






45. Money earned on an investment or paid on a loan






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






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






48. A number to be divided by another number






49. An item of data the stays the same






50. Total fixed costs/ selling price-variable cost







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Can you answer 50 questions in 15 minutes?


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