## 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 bill**

**2. V=lwh**

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

**4. Interest is paid four times a year**

**5. The price after any down-payment or trade-in**

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

**7. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.**

**8. To take away from the original cost of something**

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

**10. A number to be divided by another number**

**11. Simple and compound**

**12. First term in a ratio.**

**13. A measure of the number of days needed to collect accounts receivable.**

**14. 1 ounce or less per guest**

**15. 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**

**16. Things you own**

**17. The number you are multipliying by**

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

**19. V = e 3**

**20. The borrower**

**21. A rate that one currency can be exchanged for another**

**22. Get temporarily**

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

**24. Cash + receivables/ current liabilities.**

**25. The new percent obtained by subtracting the change percent from 100%.**

**26. The point at which you stop losing money.**

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

**28. 0.01 - 1/100 - hundredth**

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

**30. V = 1/3 pir2h**

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

**32. The number to be divided by**

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

**34. The price paid after the trade discount has been subtracted.**

**35. Accounts receivable/ average daily sales**

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

**37. Non-payment**

**38. Current assets/ current liabilities**

**39. Security for a loan**

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

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

**42. A decrease in price or value**

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

**44. A comparison of two numbers**

**45. Paid in full**

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

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

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

**49. Second term in a ratio.**

**50. Investing in a well-established company**