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Test your basic knowledge |
DSST Business Math Vocab
Start Test
Study First
Subjects
:
dsst
,
math
,
business-skills
,
business-math
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. To not spend
fixed costs
dividend
save
mean
2. The property of having material worth (often indicated by the amount of money something would bring if sold)
Cost
coupon
what are the two main types of shares
investment
3. N. items or materials needed for something such as a business - expedition - or vessel
stores
sales history
compounded interest
high risk investment
4. Property other than real estate (often called a chattel mortgage)
ratio
personal property
physical inventory
compounded quarterly
5. Non-payment
default
popularity index
cash discounts
retired or amortized
6. The point at which you stop losing money.
Average Daily Sales
Volume Formula
Break Even Point
Complement
7. Interest is paid twice a year
save
divisor
high risk investment
compounded sem-annually
8. Time worked beyond the established working hours
Fixed cost
Liter
p.a.
overtime
9. A percentage discount for buyers associated with the products being sold
complete enumeration survey
trade discount
high risk investment
physical inventory
10. Cash or assets that can quickly be converted into cash.
identify the four helpful calculating tools
Means
dividend
Current Assets
11. The length of the loan
term
fractions
Subtotal
Trade Credit
12. When two ratios are equal
proportion
mortgage
multiplier
cooking loss test
13. Way to measure amount of product shrinkage during cooking/roasting process
foreign currency exchange
E.O.M
save
cooking loss test
14. The amount of money borrowed is between 75% - 95% of the purchase price
cash discounts
break even point
bottom line figures
high-ratio mortgage
15. Investing in a well-established company
Cylinder Volume
Ratio
medium risk investment
Inventory Turnover
16. The amount that can actually be eaten - after trimming and cooking
edible portion (EP) amount
Break Even Point Formula
loan
Consequent
17. Amount of money coming in and going out of your business monthly
cash flow
Compounded
purchase specification
sales tax
18. Security for a loan
dividend
mortgagee
collateral
Quick Ratio
19. A rate that one currency can be exchanged for another
collateral
foreign currency exchange
bottom line figures
lessee
20. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
dupe
maximum
perpetual inventory
overhead cost
21. A decimal figure when x by 2400 gives an approximate annual interest rate
variable cost
Proportion
define:money factor
Quick Ratio
22. Provide a specific dividend that is paid before any dividends are paid to common stock holders
Inventory Turnover
percentage points
collateral
preference shares
23. Identifies short-term activities to implement strategic plans
operational plan
peak hours
mode
Cost
24. Second term in a ratio.
weighted average
minimum
Consequent
two methods calculators use to process information
25. (simple average) adding the group of items and dividing by the total number of items
mean
weighted average
Denominator
lessor
26. Interest calculated on the principle
foreign currency exchange
simple interest
Conversion factor
forecasting
27. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
standardized recipe
Break Even Point
range
Dividend
28. 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
amortization period
Kilo-
Conversion factor
risk
29. Total amount before another amount is added or subtracted
mean
cover
amortization period
Subtotal
30. Money given to someone on condition the person will return the money and interest by a specific date
loan
employee turnover
discount
medium risk investment
31. Inside numbers in a ratio.
Percent
Means
sales tax
common shares
32. An inventory costing method that assigns the most recent costs to ending inventory
Net Price
standard portion size
FIFO method
requisition
33. Liable to perish
perishable
percent
residual value
compounded quarterly
34. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
high risk investment
List Price
Percent
Fixed cost
35. The process of repossessing and selling the real or personal property when the borrower has defaulted
data
statistic
personal property
foreclosure
36. Things you own
on sale
yield percentage
assets
income statement
37. The amount of money borrowed is less than 75% of the purchase price
Gram
Ratio Analysis
conventional mortgage
average wholesale price AWP
38. Per day
capital cost allowance
per diem
statistic
extention
39. A cost that rises or falls depending on how much is produced
part
variable cost
purchase specification
parameter
40. Accounts receivable/ average daily sales
Average Collection Turnover
dividend
invoice
deci-
41. Get temporarily
forecasting
Volume Formula
Borrow
Depreciation
42. A portion of the population being studied
cross-footing
retired or amortized
sensitivity analysis
sample
43. Scaling factor based on yield
desired yield
fixed costs
cash discounts
compounded quarterly
44. A complete set of individuals - objects or scores being studied
liabilities
population
part
interest
45. Direct materials cost plus direct labor cost.
prime cost
Metric system
perpetual inventory
sales history
46. Algebraic - arithmetic
Current Ratio
semi variable cost
multiplier
two methods calculators use to process information
47. Something that is expected to return a profit
divisor
constant
risk
investment
48. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
Divisor
Meter
preference shares
Average Daily Sales
49. The person paying to borrow property for a certain amount of time for payments
lessee
popularity index
Complement
data
50. The number of sales / number of covers
cross-footing
net capitalized cost
Gram
average cover formula