The ASVAB test is administered to potential military recruits to help determine which branch of service and which military jobs they will be best suited for. It is not a test of intelligence and is administered only in English. The test consists of nine subjects: General Science, Arithmetic Reasoning, Word Knowledge, Paragraph Comprehension, Mathematics Knowledge, Electronics Information, Auto and Shop Information, Mechanical Comprehension, and Assembling Objects.
In addition, your scores on the other ASVAB composite tests will determine your career field or military occupation eligibility. Since enlistment bonuses are usually tied to your choice of occupations, the better the score, the more opportunities you have. But keep in mind, it is impossible to literally "ace" the ASVAB, so your goal should be to simply do your best.
One ASVAB sub-measure, the Armed Forces Qualification Test (AFQT)--which is just a separate analysis of the same tests that focuses only on four of the subtests--is also population-referenced, but its score from 1-99 is a percentile score. This means that if you score a 73, you scored as well as or higher than 73% of test-takers in the national sample.