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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. An inventory costing method that assigns the most recent costs to ending inventory
List Price
Lowest common denominator
what are the three items that may have to be subracted from the gross return figure when calculating net return
FIFO method
2. The amount of money borrowed is less than 75% of the purchase price
Divisor
conventional mortgage
Meter
standard portion size
3. The first number
overhead cost
multiplicand
foreclosure
List Price
4. Liable to perish
parameter
mortgage
perishable
loan
5. Scaling factor based on yield
directs
desired yield
physical inventory
population
6. A measure of how many times the value of the inventory is sold in one year.
divisor
median
Inventory Turnover
high risk investment
7. The lowest number in a group of data
overtime
maximum
minimum
Lowest common denominator
8. The price paid after the trade discount has been subtracted.
what are the three items that may have to be subracted from the gross return figure when calculating net return
Net Price
List price
part
9. Commission fee - inflation rate - capital gains tax
operational plan
sales commission
compounded interest
what are the three items that may have to be subracted from the gross return figure when calculating net return
10. The amount of money borrowed is between 75% - 95% of the purchase price
production sheet
mean
high-ratio mortgage
high risk investment
11. Interest is paid twelve times a year
retired or amortized
Break Even Point
loan
compounded monthly
12. Accounts receivable/ average daily sales
sales commission
cash discounts
requisition
Average Collection Turnover
13. Turning assets into cash.
mortgagee
Centi-
Liquidity of Assets
sales history
14. Paid dividends after the preference shares have been paid
common shares
net capitalized cost
Rate
income statement
15. You may get a large return or get nothing
high risk investment
directs
Ratio
purchase specification
16. Outside numbers in a ratio.
Extremes
purchase specification
extention
minimum
17. Number calculated from population data
compounded annually
discount
parameter
purchase specification
18. The smallest number - other than zero - that can be the denominator for two or more common fractions
Lowest common denominator
residual value
mean
bonds
19. Adding columns of figures horizontally and vertically to check that the totals agree
Quick Ratio
range
cross-footing
Trade Credit
20. Allows you to buy merchandise from a supplier and pay at a later - specified date.
Trade Credit
sensitivity analysis
production sheet
compounded interest
21. The money paid to an employee based on a percentage of their sales
Average Collection Turnover
Meter
Borrow
sales commission
22. Two equivalent ratios joined by an equal sign.
Trade Discount
multiplier
Proportion
conventional mortgage
23. Shows the money coming in and expenses for a certain period of time.
Base
income statement
Trade Credit
edible portion (EP) amount
24. A number calculated from sample data
Cost control
statistic
capital cost allowance
constant
25. The variable of the percentage formula that represents 100% - or the whole thing.
chain discounts
interest
foreign currency exchange
Base
26. A loan
Trade Discount
Quick Ratio
compounded interest
mortgage
27. Identifies short-term activities to implement strategic plans
operational plan
dupe
Percent
low risk investment
28. When several percentages occur in successions.
nonperishable
sales history
Compounded
operational plan
29. The point where income and expenses intersect (no loss or profit)
bottom line figures
statistic
break even point
divisor
30. Tenth - .1
term
deci-
Ratio
simple interest
31. A statement made about the future
desired yield
Ratio Analysis
complete enumeration survey
forecasting
32. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
standardized recipe
Percent
Average Daily Sales
identify the four helpful calculating tools
33. Per annum - yearly
stores
compounded annually
p.a.
conventional mortgage
34. A contract giving someone the right to use something for a certain length of time
yield percentage
Liquidity of Assets
lease
Means
35. A cost that does not change - no matter how much of a good is produced
Quick Ratio
cross-footing
Depreciation
Fixed cost
36. Real estate (houses - condos - warehouses - factories - etc)
Cone Volume
real property
Current Assets
Direct variable cost
37. Per day
Consequent
trade discount
per diem
low risk investment
38. Of one hundred
amortization period
percent
special discounts
cash discounts
39. The amount the property is worth at the end of the lease
residual value
mode
statistic
Liquidity of Assets
40. Percentage of the list price.
Trade Discount
complete enumeration survey
organization chart
multiplicand
41. Where info is collected for every unit of the population
cash flow
complete enumeration survey
Break Even Point Formula
lessor
42. The info collected from a survey and the figures generated through statistical analysis
special discounts
data
Gram
variable
43. Interest calculated on the principal plus any accumulated interest
balance sheet
minimum
Fixed cost
compounded interest
44. Amounts of money you owe
p.a.
liabilities
Compounded
invoice
45. Basic unit of volume in the metric system
investment
standardized recipe
Liter
sample
46. Manages; guides; controls; commands; tells or shows the way
directs
Average Daily Sales
invoice
mortgagor
47. Deciding if its worth the risk
Proportion
population
compounded daily
sensitivity analysis
48. Sheet that lists all menu items that are going - to be prepared for a given date
perpetual inventory
production sheet
Denominator
Ratio
49. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
p.a.
dividend
Ratio Analysis
standardized recipe
50. Interest is paid 365 times a year
Quick Ratio
compounded daily
two methods calculators use to process information
Ratio Analysis