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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 amount of money borrowed is less than 75% of the purchase price
Trade Discount
List Price
conventional mortgage
sales tax
2. Interest is paid 365 times a year
sales tax
Metric system
simple interest
compounded daily
3. A cost that rises or falls depending on how much is produced
personal property
variable cost
divisor
production sheet
4. Real estate (houses - condos - warehouses - factories - etc)
Dividend
real property
Centi-
minimum
5. Electronic - portable (pocket) - computer - spreadsheets
identify the four helpful calculating tools
variable costs
dividend
Milli-
6. The length of time until the debt is zero
Subtotal
dividend
variable cost
amortization period
7. The majority of the early payments go toward paying the interest on the loan
front-loaded
purchase specification
invoice
List price
8. One thousand grams - thousand
mode
extention
Kilo-
Break Even Point
9. Accounts receivable/ average daily sales
requisition
Average Collection Turnover
cross-footing
sensitivity analysis
10. Amount of money coming in and going out of your business monthly
Complement
cash flow
dividend
balance sheet
11. The variable of the percentage formula that represents 100% - or the whole thing.
on sale
Base
compounded daily
Average Daily Sales
12. Inside numbers in a ratio.
shares
stores
Means
two methods calculators use to process information
13. Loans to companies or goverments (no voting rights)
term
liabilities
special discounts
bonds
14. Used often by business management to analyze the financial position of the business.
Ratio Analysis
desired yield
coupon
Trade Discount
15. Turning assets into cash.
Liquidity of Assets
complete enumeration survey
Percent
weighted average
16. V = e 3
Quick Ratio
Cube Volume
Percent
fractions
17. The original cost of an item
Dividend
fractions
E.O.M
List price
18. Direct materials cost plus direct labor cost.
Trade Credit
prime cost
mortgage
sales commission
19. Way to measure amount of product shrinkage during cooking/roasting process
term
cooking loss test
yield percentage
Meter
20. Identifies short-term activities to implement strategic plans
operational plan
production sheet
yield percentage
average cover formula
21. A chart showing the lines of responsibility between departments of a large organization
Trade Discount
average wholesale price AWP
Kilo-
organization chart
22. Percentage of the list price.
Trade Discount
edible portion (EP) amount
dividend
assets
23. The point where income and expenses intersect (no loss or profit)
Cost
break even point
Gram
Rate
24. Part ownership in a company
Antecedent
term
shares
percent
25. Tenth - .1
average cover formula
multi modal
deci-
Average Collection Turnover
26. The depreciation of an asset as an expense
semi variable cost
capital cost allowance
divisor
net capitalized cost
27. A decimal system of weights and measures based on the meter and the kilogram and the second
common shares
Cost control
Metric system
variable
28. Interest is paid four times a year
compounded quarterly
percentage points
multiplicand
parameter
29. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
compounded sem-annually
employee turnover
what are the three items that may have to be subracted from the gross return figure when calculating net return
dividend
30. A number to be divided by another number
range
Average Collection Turnover
lease
Dividend
31. The number by which a dividend is divided
amortization period
Divisor
Liquidity of Assets
bonds
32. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
percentage points
Ratio Analysis
average wholesale price AWP
liabilities
33. The variable of the percentage formula that represents a part of the base.
employee turnover
on sale
mean
part
34. Things you own
investment
Means
assets
what are the two types of interest
35. The property of having material worth (often indicated by the amount of money something would bring if sold)
per diem
percentage points
Cost
minimum
36. The first number
nonperishable
multiplicand
standardized recipe
lessee
37. Total annual sales/365
variable costs
two methods calculators use to process information
break even point
Average Daily Sales
38. 3am or 4am when most people are in a deep sleep.
lessee
Trade Discount
high risk investment
peak hours
39. Per day
List price
per diem
average wholesale price AWP
overhead cost
40. When two ratios are equal
proportion
Liquidity of Assets
perpetual inventory
net capitalized cost
41. Algebraic - arithmetic
two methods calculators use to process information
Milli-
variable cost
discount
42. You may get a large return or get nothing
high risk investment
Cone Volume
percentage points
stores
43. A number calculated from sample data
percent
statistic
lease
cross-footing
44. The total of units multiplied by the price
Proportion
extention
peak hours
Inventory Turnover
45. The length of the loan
Trade Credit
sales commission
standard portion size
term
46. The number you are dividing by
divisor
foreign currency exchange
lessee
cross multiply
47. Cash or assets that can quickly be converted into cash.
net capitalized cost
two methods calculators use to process information
Current Assets
bottom line figures
48. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
proportion
standardized recipe
compounded annually
sensitivity analysis
49. The smallest number - other than zero - that can be the denominator for two or more common fractions
Net Price
sales tax
Lowest common denominator
term
50. A cost that does not change - no matter how much of a good is produced
Milli-
organization chart
investment
Fixed cost