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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 national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
amortization period
average wholesale price AWP
Current Ratio
net capitalized cost
2. A cost that rises or falls depending on how much is produced
dividend
variable cost
Current Assets
standardized recipe
3. The total of units multiplied by the price
Percent
Current Ratio
extention
complete enumeration survey
4. The info collected from a survey and the figures generated through statistical analysis
on sale
data
Fixed cost
Cost control
5. A rate that one currency can be exchanged for another
stores
employee turnover
foreign currency exchange
Base
6. 3am or 4am when most people are in a deep sleep.
medium risk investment
peak hours
chain discounts
front-loaded
7. Discounts offered to encourage customers to pay their bills on time
cash discounts
directs
conventional mortgage
Milli-
8. More than one frequently occuring value in a group of data
Dividend
high risk investment
multi modal
per diem
9. A decimal figure when x by 2400 gives an approximate annual interest rate
define:money factor
cross-footing
identify the four helpful calculating tools
mortgagee
10. The number you are dividing by
invoice
Milli-
divisor
popularity index
11. V = 1/3 pir2h
capital cost allowance
Cone Volume
Divisor
mean
12. The variable of the percentage formula that represents a part of the base.
compounded daily
ratio
trade discount
part
13. A loan
mortgage
standard portion size
retired or amortized
cross-footing
14. Total amount before another amount is added or subtracted
production sheet
deci-
Subtotal
cash discounts
15. The final figures
deci-
bottom line figures
multiplier
Direct variable cost
16. Parts of a whole number
Dividend
cross multiply
cash discounts
fractions
17. Compares two numbers or quantities by using division.
what are the three items that may have to be subracted from the gross return figure when calculating net return
Average Daily Sales
save
Ratio
18. Cost associated with fixed expenses such as rent - debt service and administration.
overhead cost
range
on sale
Average Collection Turnover
19. Per annum - yearly
term
p.a.
high-ratio mortgage
overtime
20. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
Depreciation
edible portion (EP) amount
Average Daily Sales
Meter
21. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
Percent
Ratio Analysis
multiplier
constant
22. V = e 3
Cube Volume
Current Assets
personal property
E.O.M
23. The number by which a dividend is divided
fractions
average wholesale price AWP
operational plan
Divisor
24. Commission fee - inflation rate - capital gains tax
lease
what are the three items that may have to be subracted from the gross return figure when calculating net return
compounded interest
variable costs
25. Multiply cross products to solve (top x bottom = top x bottom)
income statement
cross multiply
Current Assets
percentage points
26. The interest amount is small - but you are guaranteed to get something
high-ratio mortgage
front-loaded
low risk investment
List price
27. Interest is paid once a year
compounded annually
lease
median
default
28. The unexpected variablility of returns
extention
median
risk
Rate
29. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
employee turnover
compounded sem-annually
save
Cost control
30. Where info is collected for every unit of the population
complete enumeration survey
two methods calculators use to process information
standard portion size
dupe
31. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
complete enumeration survey
purchase specification
List Price
Average Collection Turnover
32. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
yield percentage
Inventory Turnover
high risk investment
standard portion cost
33. Shows the money coming in and expenses for a certain period of time.
Borrow
personal property
income statement
Cost control
34. To not spend
save
overhead cost
high risk investment
invoice
35. A decrease in price or value
liabilities
retired or amortized
lessee
Depreciation
36. Suggested Retail Price
List Price
degree celsius
percent
low risk investment
37. Money earned on an investment or paid on a loan
amortization period
p.a.
Inventory Turnover
interest
38. The amount the property is worth at the end of the lease
Lowest common denominator
residual value
compounded daily
median
39. Electronic - portable (pocket) - computer - spreadsheets
Current Assets
high risk investment
variable cost
identify the four helpful calculating tools
40. Loans to companies or goverments (no voting rights)
discount
fixed costs
bonds
Percent
41. Special hours of work regulations in several industries exempt or set different standards for certain employees
define:money factor
standard employee hours
Compounded
Extremes
42. Two equivalent ratios joined by an equal sign.
complete enumeration survey
Proportion
invoice
employee turnover
43. The variable of the percentage formula that represents 100% - or the whole thing.
coupon
Base
p.a.
lease
44. Get temporarily
Borrow
Cost control
Depreciation
Direct variable cost
45. (simple average) adding the group of items and dividing by the total number of items
List price
List Price
medium risk investment
mean
46. The new percent obtained by subtracting the change percent from 100%.
Cone Volume
Compounded
lease
Complement
47. One thousand grams - thousand
liabilities
variable
Ratio
Kilo-
48. Inside numbers in a ratio.
Milli-
employee turnover
statistic
Means
49. Paid dividends after the preference shares have been paid
front-loaded
data
common shares
Compounded
50. Share of the profits of a company
invoice
divisor
risk
dividend