SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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 person paying to borrow property for a certain amount of time for payments
what are the two main types of shares
Net Price
investment
lessee
2. Suggested Retail Price
List Price
foreclosure
assets
lessor
3. Interest calculated on the principal plus any accumulated interest
median
Net Price
compounded interest
production sheet
4. The highest number in a group of data
maximum
Fixed cost
E.O.M
standard portion size
5. The amount of money borrowed is less than 75% of the purchase price
what are the two main types of shares
conventional mortgage
desired yield
Antecedent
6. Investing in a well-established company
coupon
yield percentage
minimum
medium risk investment
7. Systematic recording of all sales achieved during a predetermined time period
simple interest
sales history
discount
assets
8. To not spend
extention
residual value
investment
save
9. Way to measure amount of product shrinkage during cooking/roasting process
Consequent
cash discounts
percentage points
cooking loss test
10. Costs that remain constant
define:money factor
Divisor
stores
fixed costs
11. Interest calculated on the principle
edible portion (EP) amount
simple interest
stores
Average Daily Sales
12. The part of a fraction above the line - which tells how many parts are being counted.
fixed costs
numerator
cover
Trade Credit
13. Used often by business management to analyze the financial position of the business.
operational plan
popularity index
Ratio Analysis
default
14. Cash or assets that can quickly be converted into cash.
Average Daily Sales
stores
Current Assets
multiplicand
15. The lender
mortgagee
Cost control
cross-footing
Meter
16. Thousandth
Milli-
Liter
retired or amortized
real property
17. 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
foreign currency exchange
requisition
forecasting
18. The most frequently occuring value in a group of data
population
deci-
mode
physical inventory
19. V=lwh
dividend
define:money factor
Volume Formula
Gram
20. Interest is paid twice a year
Centi-
compounded sem-annually
Divisor
popularity index
21. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
percentage points
physical inventory
medium risk investment
Trade Discount
22. The divisor of a fraction
Gram
Denominator
popularity index
high risk investment
23. A paper that entitles the holder to a discount on a particular item
coupon
lessee
Extremes
multi modal
24. End of month.
on sale
what are the three items that may have to be subracted from the gross return figure when calculating net return
E.O.M
requisition
25. The property of having material worth (often indicated by the amount of money something would bring if sold)
purchase specification
desired yield
parameter
Cost
26. Indicators of the confidence investors have in a company (the higher the better)
mortgagee
deci-
default
price earnings ratios
27. Liable to perish
Cube Volume
Break Even Point Formula
perishable
sample
28. A bill
Cone Volume
part
Average Daily Sales
invoice
29. Discounts offered to encourage customers to pay their bills on time
multi modal
Fixed cost
cash discounts
lease
30. Costs that fluctuate
employee turnover
coupon
variable costs
retired or amortized
31. Total fixed costs/ selling price-variable cost
on sale
mortgage
Break Even Point Formula
Net Price
32. Interest is paid 365 times a year
standard portion cost
compounded daily
Subtotal
save
33. The smallest number - other than zero - that can be the denominator for two or more common fractions
residual value
statistic
Meter
Lowest common denominator
34. When two ratios are equal
proportion
conventional mortgage
organization chart
perishable
35. An item of data that has a different value at different times
default
variable
range
popularity index
36. Be sufficient to meet - defray - or offset the charge or cost of
high-ratio mortgage
preference shares
cover
Conversion factor
37. You may get a large return or get nothing
retired or amortized
high risk investment
percent sign
Lowest common denominator
38. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
capital cost allowance
Denominator
peak hours
yield percentage
39. A percentage discount to customers
Trade Credit
Meter
Means
special discounts
40. (simple average) adding the group of items and dividing by the total number of items
mean
simple interest
what are the two types of interest
term
41. A decimal figure when x by 2400 gives an approximate annual interest rate
mean
ratio
Average Collection Turnover
define:money factor
42. # of servings of an item / total number of servings of all items in that category each day
capital cost allowance
percent sign
constant
popularity index
43. Shows the assets - liabilities and financial position of the company
Complement
income statement
Milli-
balance sheet
44. The variable of the percentage formula that represents 100% - or the whole thing.
preference shares
medium risk investment
mean
Base
45. The difference between the highest and lowest numbers in a set of data
numerator
range
capital cost allowance
standard portion cost
46. A person who is tricked or swindled
interest
median
dupe
Average Daily Sales
47. Will not decay or rot
nonperishable
Average Collection Turnover
capital cost allowance
complete enumeration survey
48. A measure of the number of days needed to collect accounts receivable.
Average Collection Turnover
risk
median
multiplicand
49. A number to be divided by another number
Dividend
discount
shares
parameter
50. The point at which you stop losing money.
mode
Break Even Point
standard portion size
mean