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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 interest amount is small - but you are guaranteed to get something
discount
bonds
compounded monthly
low risk investment
2. V=lwh
Volume Formula
assets
variable costs
complete enumeration survey
3. A chart that shows the balance of the mortgage after each amortization period
sales history
interest
Liquidity of Assets
amortization schedule
4. The amount the property is worth at the end of the lease
residual value
capital cost allowance
high risk investment
Break Even Point
5. Current assets/ current liabilities
extention
Ratio
Current Ratio
collateral
6. Investing in a well-established company
real property
physical inventory
constant
medium risk investment
7. Money given to someone on condition the person will return the money and interest by a specific date
edible portion (EP) amount
standard employee hours
loan
Average Collection Turnover
8. The info collected from a survey and the figures generated through statistical analysis
bottom line figures
data
yield percentage
cross multiply
9. Property other than real estate (often called a chattel mortgage)
conventional mortgage
personal property
variable cost
term
10. An inventory costing method that assigns the most recent costs to ending inventory
FIFO method
capital cost allowance
term
sales tax
11. Total fixed costs/ selling price-variable cost
Break Even Point Formula
Break Even Point
Milli-
mortgagor
12. A chart showing the lines of responsibility between departments of a large organization
Conversion factor
organization chart
Fixed cost
cross multiply
13. Indicators of the confidence investors have in a company (the higher the better)
price earnings ratios
Centi-
Average Collection Turnover
yield percentage
14. The length of the loan
term
compounded interest
perishable
Subtotal
15. The person paying to borrow property for a certain amount of time for payments
bonds
lessee
term
E.O.M
16. Cash + receivables/ current liabilities.
part
yield percentage
percentage points
Quick Ratio
17. Outside numbers in a ratio.
Cone Volume
Cost
Extremes
average cover formula
18. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
statistic
yield percentage
semi variable cost
percentage points
19. Tenth - .1
deci-
organization chart
assets
mortgagor
20. Shows the assets - liabilities and financial position of the company
price earnings ratios
compounded quarterly
requisition
balance sheet
21. The lender
on sale
amortization schedule
mean
mortgagee
22. A portion of the population being studied
sample
range
income statement
Break Even Point Formula
23. Total amount before another amount is added or subtracted
assets
fixed costs
average wholesale price AWP
Subtotal
24. A number calculated from sample data
Cube Volume
statistic
amortization schedule
cash discounts
25. Cost of the an item/# of portions it contains.
minimum
Complement
standard portion cost
average wholesale price AWP
26. An item of data the stays the same
physical inventory
constant
standard employee hours
capital cost allowance
27. Things you own
Net Price
assets
employee turnover
edible portion (EP) amount
28. Systematic recording of all sales achieved during a predetermined time period
term
chain discounts
sales history
requisition
29. Algebraic - arithmetic
Ratio Analysis
two methods calculators use to process information
standard portion size
cross multiply
30. A series of discounts
Denominator
Cost
liabilities
chain discounts
31. Scaling factor based on yield
identify the four helpful calculating tools
maximum
percent
desired yield
32. Shows the money coming in and expenses for a certain period of time.
income statement
mortgage
production sheet
invoice
33. A metric unit of weight equal to one thousandth of a kilogram
sensitivity analysis
Gram
Means
deci-
34. Will not decay or rot
nonperishable
physical inventory
parameter
average wholesale price AWP
35. A percentage discount to customers
data
special discounts
Depreciation
capital cost allowance
36. 3am or 4am when most people are in a deep sleep.
peak hours
fixed costs
numerator
Dividend
37. The point at which you stop losing money.
Break Even Point
Conversion factor
foreclosure
proportion
38. Direct materials cost plus direct labor cost.
compounded annually
perpetual inventory
prime cost
common shares
39. Where info is collected for every unit of the population
complete enumeration survey
preference shares
Extremes
risk
40. Something that is expected to return a profit
percentage points
Lowest common denominator
investment
stores
41. V = e 3
variable
price earnings ratios
Cube Volume
Kilo-
42. Paid dividends after the preference shares have been paid
common shares
net capitalized cost
interest
mortgagor
43. Preference and common
bottom line figures
balance sheet
yield percentage
what are the two main types of shares
44. The number you are multipliying by
multiplier
List price
per diem
extention
45. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
residual value
price earnings ratios
Meter
Rate
46. 1 ounce or less per guest
E.O.M
numerator
standard portion size
percent
47. Thousandth
Milli-
Direct variable cost
Base
popularity index
48. The original cost of an item
Fixed cost
dividend
List price
lessor
49. Total annual sales/365
Means
nonperishable
Average Daily Sales
high risk investment
50. Interest is paid 365 times a year
Proportion
compounded daily
price earnings ratios
standard portion cost
Can you answer 50 questions in 15 minutes?
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