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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 metric unit of weight equal to one thousandth of a kilogram
Current Assets
Gram
sales history
Fixed cost
2. The process of repossessing and selling the real or personal property when the borrower has defaulted
overhead cost
foreclosure
sales commission
two methods calculators use to process information
3. 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
Conversion factor
Kilo-
List Price
range
4. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
weighted average
perishable
Meter
Metric system
5. The amount that can actually be eaten - after trimming and cooking
Trade Credit
Borrow
liabilities
edible portion (EP) amount
6. The lowest number in a group of data
Base
minimum
price earnings ratios
compounded interest
7. Two equivalent ratios joined by an equal sign.
Base
sales history
Proportion
mortgagee
8. The depreciation of an asset as an expense
capital cost allowance
Cube Volume
Break Even Point
collateral
9. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
cover
sample
multiplier
10. Interest is paid four times a year
default
compounded quarterly
collateral
divisor
11. The unexpected variablility of returns
risk
percent
Trade Discount
standard portion cost
12. Discounts offered to encourage customers to pay their bills on time
cash discounts
Cube Volume
cross-footing
Cone Volume
13. The amount the property is worth at the end of the lease
dupe
edible portion (EP) amount
residual value
semi variable cost
14. The score that falls in the middle
part
Means
median
edible portion (EP) amount
15. The point at which you stop losing money.
dividend
Cone Volume
edible portion (EP) amount
Break Even Point
16. Money charged by the government and added to the original price of an item
sales tax
Means
Dividend
low risk investment
17. First term in a ratio.
compounded sem-annually
cross-footing
Antecedent
Denominator
18. Deciding if its worth the risk
maximum
Kilo-
sensitivity analysis
standard employee hours
19. A number to be divided by another number
Dividend
sales tax
Lowest common denominator
Ratio Analysis
20. Security for a loan
minimum
Average Daily Sales
Means
collateral
21. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
liabilities
perpetual inventory
balance sheet
employee turnover
22. Part ownership in a company
investment
production sheet
high risk investment
shares
23. Inside numbers in a ratio.
percentage points
net capitalized cost
Means
medium risk investment
24. Interest is paid 365 times a year
compounded daily
identify the four helpful calculating tools
net capitalized cost
sales commission
25. You may get a large return or get nothing
percent sign
high risk investment
minimum
forecasting
26. Suggested Retail Price
Liter
List Price
divisor
organization chart
27. Way to measure amount of product shrinkage during cooking/roasting process
cooking loss test
E.O.M
coupon
save
28. An item of data that has a different value at different times
variable
compounded annually
parameter
cooking loss test
29. A complete set of individuals - objects or scores being studied
collateral
population
cash discounts
complete enumeration survey
30. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
income statement
identify the four helpful calculating tools
Direct variable cost
prime cost
31. Used when the each piece of data has more than one component
Borrow
fixed costs
percent sign
weighted average
32. A percentage discount for buyers associated with the products being sold
on sale
trade discount
discount
degree celsius
33. Per day
Antecedent
per diem
Cylinder Volume
Compounded
34. To not spend
income statement
save
variable costs
weighted average
35. Paid dividends after the preference shares have been paid
complete enumeration survey
common shares
amortization period
lessor
36. An inventory costing method that assigns the most recent costs to ending inventory
FIFO method
requisition
extention
degree celsius
37. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
Compounded
employee turnover
standardized recipe
Complement
38. The divisor of a fraction
foreign currency exchange
variable
Denominator
Quick Ratio
39. 1 ounce or less per guest
standard portion size
Inventory Turnover
range
desired yield
40. The owner of the property
statistic
lessor
term
range
41. Parts of a whole number
Gram
fractions
compounded sem-annually
variable
42. Current assets/ current liabilities
loan
identify the four helpful calculating tools
Current Ratio
constant
43. 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.
Consequent
Average Daily Sales
Rate
interest
44. (simple average) adding the group of items and dividing by the total number of items
variable
lessee
Trade Discount
mean
45. Special hours of work regulations in several industries exempt or set different standards for certain employees
desired yield
balance sheet
standard employee hours
Means
46. The property of having material worth (often indicated by the amount of money something would bring if sold)
Trade Credit
Cost
save
Liter
47. A loan
mortgage
Net Price
physical inventory
real property
48. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
average wholesale price AWP
directs
multiplier
fixed costs
49. Indicators of the confidence investors have in a company (the higher the better)
break even point
real property
price earnings ratios
Antecedent
50. Shows the money coming in and expenses for a certain period of time.
Kilo-
Milli-
income statement
bonds
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