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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. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)






2. Interest is paid four times a year






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






4. Multiply cross products to solve (top x bottom = top x bottom)






5. Deciding if its worth the risk






6. The first number






7. Amount of money coming in and going out of your business monthly






8. The most frequently occuring value in a group of data






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






10. The depreciation of an asset as an expense






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






12. The number to be divided by






13. Number calculated from population data






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






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






16. The original cost of an item






17. Part ownership in a company






18. The owner of the property






19. A person who is tricked or swindled






20. Per day






21. Cash or assets that can quickly be converted into cash.






22. Costs that fluctuate






23. 1 ounce or less per guest






24. The property of having material worth (often indicated by the amount of money something would bring if sold)






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






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






27. Interest is paid twelve times a year






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






29. V = 1/3 pir2h






30. The borrower






31. When an item is discounted or less than the original price






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






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






34. Inside numbers in a ratio.






35. Paid in full






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






37. The number of sales / number of covers






38. Identifies short-term activities to implement strategic plans






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






40. Allows you to buy merchandise from a supplier and pay at a later - specified date.






41. Paid dividends after the preference shares have been paid






42. A contract giving someone the right to use something for a certain length of time






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






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






45. An inventory costing method that assigns the most recent costs to ending inventory






46. Basic unit of volume in the metric system






47. To not spend






48. Security for a loan






49. Accounts receivable/ average daily sales






50. Total annual sales/365