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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. The lowest number in a group of data
divisor
compounded daily
minimum
cooking loss test
2. A series of discounts
conventional mortgage
variable
chain discounts
cash discounts
3. Used when the each piece of data has more than one component
weighted average
cash flow
popularity index
personal property
4. A loan
Current Ratio
amortization period
mortgage
Inventory Turnover
5. Shows the assets - liabilities and financial position of the company
employee turnover
special discounts
balance sheet
Break Even Point
6. The amount of money borrowed is less than 75% of the purchase price
deci-
loan
conventional mortgage
collateral
7. A decimal figure when x by 2400 gives an approximate annual interest rate
interest
define:money factor
Cylinder Volume
Lowest common denominator
8. Of one hundred
per diem
Cone Volume
percent
cross multiply
9. Electronic - portable (pocket) - computer - spreadsheets
popularity index
purchase specification
identify the four helpful calculating tools
divisor
10. A person who is tricked or swindled
nonperishable
yield percentage
dupe
prime cost
11. 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.
range
Rate
sample
mode
12. Adding columns of figures horizontally and vertically to check that the totals agree
break even point
Cost
prime cost
cross-footing
13. Interest is paid twelve times a year
dividend
Antecedent
deci-
compounded monthly
14. The money paid to an employee based on a percentage of their sales
Centi-
sales commission
average wholesale price AWP
semi variable cost
15. A rate that one currency can be exchanged for another
Ratio
foreign currency exchange
production sheet
retired or amortized
16. First term in a ratio.
risk
multiplier
Denominator
Antecedent
17. Per annum - yearly
p.a.
Ratio Analysis
range
low risk investment
18. Turning assets into cash.
Liquidity of Assets
deci-
Lowest common denominator
define:money factor
19. Cash or assets that can quickly be converted into cash.
dividend
Current Assets
data
define:money factor
20. Something that is expected to return a profit
medium risk investment
real property
deci-
investment
21. Two equivalent ratios joined by an equal sign.
conventional mortgage
multi modal
Proportion
interest
22. The score that falls in the middle
sensitivity analysis
sample
median
residual value
23. Real estate (houses - condos - warehouses - factories - etc)
Centi-
define:money factor
real property
chain discounts
24. A statement made about the future
Ratio
cash flow
purchase specification
forecasting
25. Will not decay or rot
multiplicand
nonperishable
mortgage
on sale
26. The owner of the property
lessor
desired yield
Cost
Compounded
27. Security for a loan
sales commission
Lowest common denominator
multi modal
collateral
28. Compares two numbers or quantities by using division.
Ratio
physical inventory
employee turnover
part
29. Total fixed costs/ selling price-variable cost
Volume Formula
Break Even Point Formula
ratio
invoice
30. Time worked beyond the established working hours
overtime
mortgagee
dupe
perpetual inventory
31. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
Meter
preference shares
fixed costs
compounded quarterly
32. Keeping budgeted costs as close as possible to actual costs.
Cost control
retired or amortized
Volume Formula
compounded daily
33. Cost associated with fixed expenses such as rent - debt service and administration.
divisor
personal property
overhead cost
Proportion
34. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
perpetual inventory
Lowest common denominator
edible portion (EP) amount
overtime
35. The majority of the early payments go toward paying the interest on the loan
Ratio Analysis
degree celsius
front-loaded
Net Price
36. When several percentages occur in successions.
Denominator
operational plan
Compounded
lessee
37. Shows the money coming in and expenses for a certain period of time.
edible portion (EP) amount
multiplicand
income statement
define:money factor
38. A chart that shows the balance of the mortgage after each amortization period
E.O.M
amortization schedule
cross-footing
peak hours
39. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
low risk investment
Break Even Point
Cone Volume
standardized recipe
40. A cost that rises or falls depending on how much is produced
multiplier
multi modal
assets
variable cost
41. The length of the loan
population
term
lessee
Compounded
42. Amount of money coming in and going out of your business monthly
what are the two types of interest
proportion
coupon
cash flow
43. When an item is discounted or less than the original price
fixed costs
Current Assets
part
on sale
44. Cost of the an item/# of portions it contains.
dividend
standard portion cost
cooking loss test
standard portion size
45. An inventory costing method that assigns the most recent costs to ending inventory
production sheet
assets
FIFO method
amortization period
46. Total annual sales/365
Average Daily Sales
physical inventory
Cone Volume
multi modal
47. The part of a fraction above the line - which tells how many parts are being counted.
degree celsius
Depreciation
variable cost
numerator
48. To take away from the original cost of something
personal property
perishable
discount
Volume Formula
49. A paper that entitles the holder to a discount on a particular item
desired yield
coupon
Proportion
percent sign
50. A way of expressing a change from an original amount to a new amount without using a percentage sign.
percentage points
variable costs
front-loaded
divisor