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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 smallest number - other than zero - that can be the denominator for two or more common fractions
average cover formula
Lowest common denominator
minimum
cover
2. 0.01 - 1/100 - hundredth
Centi-
mortgage
Liter
standardized recipe
3. The highest number in a group of data
proportion
maximum
Denominator
shares
4. The point where income and expenses intersect (no loss or profit)
break even point
mode
standardized recipe
forecasting
5. (simple average) adding the group of items and dividing by the total number of items
percent sign
Break Even Point Formula
mean
dividend
6. Amount of money coming in and going out of your business monthly
cash flow
Average Daily Sales
forecasting
List price
7. The length of the loan
balance sheet
parameter
edible portion (EP) amount
term
8. Something that is expected to return a profit
Dividend
Current Assets
investment
population
9. A paper that entitles the holder to a discount on a particular item
percentage points
coupon
Rate
Ratio Analysis
10. Inside numbers in a ratio.
mortgagor
medium risk investment
Means
Proportion
11. Commission fee - inflation rate - capital gains tax
Ratio
Consequent
forecasting
what are the three items that may have to be subracted from the gross return figure when calculating net return
12. Suggested Retail Price
List Price
retired or amortized
degree celsius
identify the four helpful calculating tools
13. The lender
mortgagee
Meter
weighted average
prime cost
14. A measure of the number of days needed to collect accounts receivable.
E.O.M
multiplicand
dividend
Average Collection Turnover
15. The number of sales / number of covers
loan
average cover formula
ratio
high risk investment
16. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
percentage points
Cube Volume
degree celsius
average wholesale price AWP
17. Electronic - portable (pocket) - computer - spreadsheets
risk
prime cost
identify the four helpful calculating tools
lease
18. Amounts of money you owe
cross multiply
employee turnover
real property
liabilities
19. A number calculated from sample data
Percent
dividend
statistic
balance sheet
20. Second term in a ratio.
FIFO method
default
Consequent
range
21. One thousand grams - thousand
dupe
Kilo-
standardized recipe
average cover formula
22. First term in a ratio.
price earnings ratios
Antecedent
mode
semi variable cost
23. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
popularity index
prime cost
fractions
requisition
24. Interest is paid 365 times a year
List price
compounded sem-annually
compounded daily
Dividend
25. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
foreclosure
foreign currency exchange
overtime
physical inventory
26. When two ratios are equal
Metric system
high risk investment
proportion
fixed costs
27. A chart that shows the balance of the mortgage after each amortization period
on sale
Borrow
multiplicand
amortization schedule
28. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
perpetual inventory
amortization period
Inventory Turnover
Current Assets
29. Be sufficient to meet - defray - or offset the charge or cost of
cover
amortization schedule
Cylinder Volume
Denominator
30. # of servings of an item / total number of servings of all items in that category each day
trade discount
Cylinder Volume
dupe
popularity index
31. Turning assets into cash.
Cylinder Volume
Net Price
Liquidity of Assets
fractions
32. Multiply cross products to solve (top x bottom = top x bottom)
Meter
overhead cost
cross multiply
Consequent
33. Shows the money coming in and expenses for a certain period of time.
income statement
standardized recipe
amortization schedule
fractions
34. The depreciation of an asset as an expense
ratio
liabilities
capital cost allowance
net capitalized cost
35. A metric unit of weight equal to one thousandth of a kilogram
maximum
preference shares
Gram
multiplier
36. Direct materials cost plus direct labor cost.
chain discounts
prime cost
range
Base
37. The score that falls in the middle
front-loaded
median
high-ratio mortgage
proportion
38. A decimal figure when x by 2400 gives an approximate annual interest rate
define:money factor
FIFO method
compounded interest
dividend
39. The property of having material worth (often indicated by the amount of money something would bring if sold)
dupe
Cost
statistic
Break Even Point Formula
40. Real estate (houses - condos - warehouses - factories - etc)
organization chart
real property
fractions
FIFO method
41. A rate that one currency can be exchanged for another
what are the two types of interest
foreign currency exchange
sensitivity analysis
cross-footing
42. The number you are dividing by
chain discounts
divisor
discount
mortgage
43. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
Direct variable cost
deci-
dupe
requisition
44. More than one frequently occuring value in a group of data
percentage points
multi modal
List price
simple interest
45. Money charged by the government and added to the original price of an item
sales tax
dividend
Break Even Point Formula
Compounded
46. The total of units multiplied by the price
extention
per diem
real property
break even point
47. Cash + receivables/ current liabilities.
Quick Ratio
p.a.
Denominator
Gram
48. Non-payment
personal property
default
E.O.M
Cylinder Volume
49. The part of a fraction above the line - which tells how many parts are being counted.
shares
numerator
standard portion size
coupon
50. The variable of the percentage formula that represents 100% - or the whole thing.
Inventory Turnover
compounded monthly
Base
standardized recipe