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. Interest calculated on the principle
forecasting
Ratio Analysis
simple interest
numerator
2. Basic unit of volume in the metric system
Liter
physical inventory
Break Even Point
Cost
3. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
standardized recipe
mortgagee
physical inventory
compounded monthly
4. First term in a ratio.
production sheet
Antecedent
sales tax
Ratio Analysis
5. Outside numbers in a ratio.
fractions
Cylinder Volume
front-loaded
Extremes
6. The property of having material worth (often indicated by the amount of money something would bring if sold)
sample
Net Price
Cost
conventional mortgage
7. The lowest number in a group of data
range
Trade Discount
minimum
Fixed cost
8. The first number
Average Collection Turnover
high-ratio mortgage
per diem
multiplicand
9. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
term
Current Assets
standardized recipe
Inventory Turnover
10. Paid dividends after the preference shares have been paid
cross multiply
deci-
common shares
degree celsius
11. The amount the property is worth at the end of the lease
yield percentage
variable cost
range
residual value
12. Property other than real estate (often called a chattel mortgage)
standard employee hours
requisition
personal property
define:money factor
13. When several percentages occur in successions.
two methods calculators use to process information
price earnings ratios
Milli-
Compounded
14. A loan
mortgage
median
liabilities
two methods calculators use to process information
15. A person who is tricked or swindled
Liquidity of Assets
balance sheet
dupe
employee turnover
16. Liable to perish
average wholesale price AWP
balance sheet
perishable
sample
17. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
chain discounts
employee turnover
semi variable cost
overhead cost
18. A number to be divided by another number
overtime
assets
List price
Dividend
19. The variable of the percentage formula that represents a part of the base.
sales tax
perpetual inventory
Conversion factor
part
20. Direct materials cost plus direct labor cost.
weighted average
Average Collection Turnover
Liquidity of Assets
prime cost
21. A measure of the number of days needed to collect accounts receivable.
invoice
per diem
break even point
Average Collection Turnover
22. The money paid to an employee based on a percentage of their sales
bottom line figures
residual value
sales commission
statistic
23. Time worked beyond the established working hours
dividend
overtime
yield percentage
Consequent
24. The total of units multiplied by the price
operational plan
organization chart
extention
median
25. The number you are dividing by
part
divisor
Average Collection Turnover
compounded daily
26. The info collected from a survey and the figures generated through statistical analysis
low risk investment
data
sensitivity analysis
what are the two main types of shares
27. # of servings of an item / total number of servings of all items in that category each day
multiplicand
popularity index
maximum
bottom line figures
28. Things you own
bonds
assets
compounded daily
variable costs
29. Provide a specific dividend that is paid before any dividends are paid to common stock holders
physical inventory
variable
popularity index
preference shares
30. A way of expressing a change from an original amount to a new amount without using a percentage sign.
compounded annually
lessor
Metric system
percentage points
31. Money given to someone on condition the person will return the money and interest by a specific date
loan
Consequent
semi variable cost
special discounts
32. A rate that one currency can be exchanged for another
Divisor
dividend
foreign currency exchange
collateral
33. The point where income and expenses intersect (no loss or profit)
Metric system
range
break even point
median
34. A decimal figure when x by 2400 gives an approximate annual interest rate
interest
dividend
define:money factor
stores
35. Second term in a ratio.
high risk investment
multiplicand
Consequent
amortization schedule
36. Identifies short-term activities to implement strategic plans
operational plan
numerator
identify the four helpful calculating tools
Conversion factor
37. 3am or 4am when most people are in a deep sleep.
peak hours
two methods calculators use to process information
divisor
invoice
38. Algebraic - arithmetic
statistic
two methods calculators use to process information
Ratio Analysis
income statement
39. Real estate (houses - condos - warehouses - factories - etc)
real property
fractions
discount
income statement
40. Total fixed costs/ selling price-variable cost
high-ratio mortgage
Break Even Point Formula
forecasting
residual value
41. The point at which you stop losing money.
Depreciation
Trade Credit
Cost
Break Even Point
42. Manages; guides; controls; commands; tells or shows the way
directs
Consequent
Borrow
Rate
43. Security for a loan
what are the two main types of shares
dividend
investment
collateral
44. Amounts of money you owe
liabilities
perpetual inventory
lessor
Quick Ratio
45. A cost that does not change - no matter how much of a good is produced
Fixed cost
perishable
statistic
Proportion
46. To take away from the original cost of something
discount
overhead cost
Depreciation
Means
47. The owner of the property
Current Assets
lessor
break even point
overhead cost
48. The amount that can actually be eaten - after trimming and cooking
personal property
risk
overhead cost
edible portion (EP) amount
49. A number calculated from sample data
perpetual inventory
sales history
statistic
stores
50. The price after any down-payment or trade-in
variable cost
net capitalized cost
Denominator
Current Ratio