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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. Be sufficient to meet - defray - or offset the charge or cost of
medium risk investment
parameter
production sheet
cover
2. An item of data that has a different value at different times
common shares
variable
statistic
overhead cost
3. Outside numbers in a ratio.
Cost
deci-
Extremes
Average Collection Turnover
4. The point where income and expenses intersect (no loss or profit)
invoice
break even point
edible portion (EP) amount
cover
5.
low risk investment
per diem
degree celsius
Gram
6. More than one frequently occuring value in a group of data
multi modal
coupon
sales history
nonperishable
7. A rate that one currency can be exchanged for another
Means
what are the three items that may have to be subracted from the gross return figure when calculating net return
foreign currency exchange
price earnings ratios
8. Total fixed costs/ selling price-variable cost
price earnings ratios
Meter
assets
Break Even Point Formula
9. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
interest
perpetual inventory
Break Even Point Formula
Milli-
10. 0.01 - 1/100 - hundredth
part
E.O.M
Centi-
compounded daily
11. Loans to companies or goverments (no voting rights)
divisor
data
income statement
bonds
12. A number to be divided by another number
Dividend
percent
fixed costs
invoice
13. A way of expressing a change from an original amount to a new amount without using a percentage sign.
FIFO method
Cone Volume
percentage points
mean
14. Time worked beyond the established working hours
overtime
cross multiply
physical inventory
cooking loss test
15. A person who is tricked or swindled
average cover formula
compounded quarterly
cross-footing
dupe
16. Multiply cross products to solve (top x bottom = top x bottom)
save
cross multiply
conventional mortgage
weighted average
17. You may get a large return or get nothing
statistic
high risk investment
preference shares
residual value
18. The person paying to borrow property for a certain amount of time for payments
Cost control
lessee
Consequent
standard portion cost
19. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
percentage points
Liter
yield percentage
high-ratio mortgage
20. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
foreclosure
Net Price
Meter
extention
21. Special hours of work regulations in several industries exempt or set different standards for certain employees
standard employee hours
Cube Volume
degree celsius
Fixed cost
22. The final figures
bottom line figures
lessor
Proportion
purchase specification
23. Keeping budgeted costs as close as possible to actual costs.
Cost control
preference shares
variable cost
lessor
24. An item of data the stays the same
cover
what are the two main types of shares
multi modal
constant
25. Suggested Retail Price
personal property
List Price
compounded quarterly
cover
26. Cash + receivables/ current liabilities.
Quick Ratio
save
compounded interest
average wholesale price AWP
27. The unexpected variablility of returns
risk
fractions
Cube Volume
mortgage
28. Number calculated from population data
assets
parameter
coupon
standard portion cost
29. Commission fee - inflation rate - capital gains tax
what are the three items that may have to be subracted from the gross return figure when calculating net return
amortization period
nonperishable
chain discounts
30. The borrower
overhead cost
mortgagor
chain discounts
Borrow
31. Adding columns of figures horizontally and vertically to check that the totals agree
compounded quarterly
cross-footing
degree celsius
sensitivity analysis
32. Of one hundred
Metric system
Ratio Analysis
percent
net capitalized cost
33. The number by which a dividend is divided
production sheet
Divisor
mortgagee
cross multiply
34. A bill
invoice
what are the two main types of shares
standard employee hours
Rate
35. A decimal figure when x by 2400 gives an approximate annual interest rate
risk
break even point
define:money factor
statistic
36. Algebraic - arithmetic
two methods calculators use to process information
Means
constant
perpetual inventory
37. Paid dividends after the preference shares have been paid
common shares
save
constant
Quick Ratio
38. V = 1/3 pir2h
prime cost
low risk investment
Cone Volume
multiplier
39. Money given to someone on condition the person will return the money and interest by a specific date
Consequent
loan
Kilo-
lessor
40. Percentage of the list price.
Trade Discount
front-loaded
deci-
lease
41. Systematic recording of all sales achieved during a predetermined time period
desired yield
yield percentage
sales history
what are the two main types of shares
42. Money earned on an investment or paid on a loan
loan
dividend
constant
interest
43. A contract giving someone the right to use something for a certain length of time
Cylinder Volume
lease
cover
Direct variable cost
44. The lowest number in a group of data
minimum
Average Daily Sales
percent
nonperishable
45. The amount of money borrowed is between 75% - 95% of the purchase price
List price
high-ratio mortgage
employee turnover
part
46. The number you are dividing by
divisor
income statement
Trade Credit
range
47. Paid in full
multiplicand
purchase specification
retired or amortized
low risk investment
48. The length of the loan
directs
term
Break Even Point Formula
Consequent
49. Second term in a ratio.
Inventory Turnover
common shares
Consequent
low risk investment
50. The difference between the highest and lowest numbers in a set of data
numerator
range
lessee
Denominator