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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. A cost that rises or falls depending on how much is produced
balance sheet
variable cost
overhead cost
sales commission
2. The divisor of a fraction
collateral
Denominator
Conversion factor
average cover formula
3. The number by which a dividend is divided
constant
trade discount
Divisor
save
4. Scaling factor based on yield
what are the three items that may have to be subracted from the gross return figure when calculating net return
special discounts
Metric system
desired yield
5. Something that is expected to return a profit
interest
Ratio Analysis
investment
cooking loss test
6. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
Average Collection Turnover
Volume Formula
perpetual inventory
Current Ratio
7. Percentage of the list price.
operational plan
foreclosure
Trade Discount
Base
8. A number to be divided by another number
mortgagee
Dividend
sales commission
sales history
9. Parts of a whole number
Break Even Point
fractions
nonperishable
Cube Volume
10. A bill
compounded sem-annually
loan
what are the two main types of shares
invoice
11. Security for a loan
divisor
mortgage
numerator
collateral
12. Tenth - .1
Extremes
deci-
Average Daily Sales
operational plan
13. The score that falls in the middle
balance sheet
price earnings ratios
dividend
median
14. Be sufficient to meet - defray - or offset the charge or cost of
Proportion
lessee
yield percentage
cover
15. A comparison of two numbers
ratio
organization chart
constant
mean
16. Way to measure amount of product shrinkage during cooking/roasting process
divisor
cooking loss test
Percent
Quick Ratio
17. Share of the profits of a company
average wholesale price AWP
identify the four helpful calculating tools
bonds
dividend
18. The interest amount is small - but you are guaranteed to get something
low risk investment
fixed costs
Percent
Denominator
19. Per annum - yearly
mean
organization chart
p.a.
percentage points
20. Keeping budgeted costs as close as possible to actual costs.
invoice
Cost control
simple interest
what are the two main types of shares
21. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units
dividend
nonperishable
Conversion factor
Subtotal
22. Outside numbers in a ratio.
Extremes
variable costs
sensitivity analysis
physical inventory
23. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
high-ratio mortgage
bottom line figures
standardized recipe
Direct variable cost
24. The smallest number - other than zero - that can be the denominator for two or more common fractions
Lowest common denominator
prime cost
Liquidity of Assets
Compounded
25. Interest is paid four times a year
Means
lessor
fractions
compounded quarterly
26. (simple average) adding the group of items and dividing by the total number of items
default
minimum
mean
what are the two types of interest
27. The difference between the highest and lowest numbers in a set of data
range
sample
low risk investment
special discounts
28. Cost of the an item/# of portions it contains.
minimum
semi variable cost
nonperishable
standard portion cost
29. The amount that can actually be eaten - after trimming and cooking
Percent
edible portion (EP) amount
organization chart
Centi-
30. Paid dividends after the preference shares have been paid
Inventory Turnover
variable costs
standard portion size
common shares
31. The original cost of an item
List price
break even point
identify the four helpful calculating tools
Extremes
32. An item of data that has a different value at different times
Average Daily Sales
variable
personal property
medium risk investment
33. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
multiplicand
standard portion size
Cube Volume
purchase specification
34. The point where income and expenses intersect (no loss or profit)
statistic
multiplier
break even point
common shares
35. An item of data the stays the same
peak hours
constant
purchase specification
break even point
36. A loan
Conversion factor
mean
term
mortgage
37. Time worked beyond the established working hours
mean
weighted average
Trade Credit
overtime
38. Manages; guides; controls; commands; tells or shows the way
mortgage
directs
multiplicand
degree celsius
39. A portion of the population being studied
sales history
balance sheet
liabilities
sample
40. The borrower
population
cash discounts
mortgagor
mode
41. A decimal figure when x by 2400 gives an approximate annual interest rate
Cube Volume
interest
employee turnover
define:money factor
42. Money given to someone on condition the person will return the money and interest by a specific date
loan
Cube Volume
median
common shares
43. Costs that remain constant
fixed costs
Compounded
extention
Antecedent
44. The length of the loan
common shares
sales tax
Lowest common denominator
term
45. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
Percent
discount
balance sheet
ratio
46. The variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.
Rate
assets
Net Price
multi modal
47. To not spend
save
Meter
Denominator
Complement
48. Commission fee - inflation rate - capital gains tax
Divisor
what are the three items that may have to be subracted from the gross return figure when calculating net return
cross multiply
standard employee hours
49. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
stores
term
Current Ratio
employee turnover
50. Total annual sales/365
constant
compounded annually
ratio
Average Daily Sales