## Test your basic knowledge |

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. Provide a specific dividend that is paid before any dividends are paid to common stock holders

2. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers

3. Investing in a well-established company

4. Accounts receivable/ average daily sales

5. The number you are multipliying by

6. A percentage discount to customers

7. A written form listing the specific characteristics of a product that is to be purchased from a supplier.

8. The interest amount is small - but you are guaranteed to get something

9. A bill

10. A series of discounts

11. Total annual sales/365

12. The highest number in a group of data

13. Second term in a ratio.

14. The process of repossessing and selling the real or personal property when the borrower has defaulted

15. A number calculated from sample data

16. Amounts of money you owe

17. Detailed instructions describing the way a particular foodservice operation prepares a particular dish

18. The length of the loan

19. V = pir2h

20. Compares two numbers or quantities by using division.

21. Keeping budgeted costs as close as possible to actual costs.

22. The number of sales / number of covers

23. The variable of the percentage formula that represents 100% - or the whole thing.

24. Will not decay or rot

25. Share of the profits of a company

26. The person paying to borrow property for a certain amount of time for payments

27. Adding columns of figures horizontally and vertically to check that the totals agree

28. Discounts offered to encourage customers to pay their bills on time

29. Special hours of work regulations in several industries exempt or set different standards for certain employees

30. The total of units multiplied by the price

31. Direct materials cost plus direct labor cost.

32. The price paid after the trade discount has been subtracted.

33. Electronic - portable (pocket) - computer - spreadsheets

34. More than one frequently occuring value in a group of data

35. A chart that shows the balance of the mortgage after each amortization period

36. N. items or materials needed for something such as a business - expedition - or vessel

37. Of one hundred

38. When two ratios are equal

39. Interest is paid twice a year

40. Commission fee - inflation rate - capital gains tax

41. Property other than real estate (often called a chattel mortgage)

42. A person who is tricked or swindled

43. Paid dividends after the preference shares have been paid

44. The number you are dividing by

45. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern

46. Interest is paid 365 times a year

47. Per day

48. The amount of money borrowed is less than 75% of the purchase price

49. Preference and common

50. The depreciation of an asset as an expense