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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. Costs that fluctuate
Dividend
compounded daily
variable costs
Fixed cost
2. The length of time until the debt is zero
compounded interest
variable costs
amortization period
define:money factor
3. N. items or materials needed for something such as a business - expedition - or vessel
variable
lease
stores
average wholesale price AWP
4. The price paid after the trade discount has been subtracted.
Cylinder Volume
variable
Net Price
Cube Volume
5. Cash or assets that can quickly be converted into cash.
employee turnover
Liter
purchase specification
Current Assets
6. Adding columns of figures horizontally and vertically to check that the totals agree
employee turnover
cross-footing
compounded annually
trade discount
7. Part ownership in a company
on sale
low risk investment
shares
weighted average
8. The part of a fraction above the line - which tells how many parts are being counted.
numerator
Kilo-
Divisor
Fixed cost
9. Sheet that lists all menu items that are going - to be prepared for a given date
median
loan
average cover formula
production sheet
10. A cost that does not change - no matter how much of a good is produced
dupe
Fixed cost
prime cost
fixed costs
11. Amount of money coming in and going out of your business monthly
cash flow
lease
Consequent
Proportion
12. Two equivalent ratios joined by an equal sign.
bonds
Proportion
multiplicand
employee turnover
13. A cost that rises or falls depending on how much is produced
multiplicand
Lowest common denominator
yield percentage
variable cost
14. 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
retired or amortized
operational plan
Fixed cost
15. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
lease
employee turnover
organization chart
edible portion (EP) amount
16. An item of data the stays the same
constant
Quick Ratio
peak hours
amortization period
17. When several percentages occur in successions.
constant
Current Assets
Compounded
lessee
18. A contract giving someone the right to use something for a certain length of time
lease
standard portion cost
common shares
Conversion factor
19. Be sufficient to meet - defray - or offset the charge or cost of
E.O.M
cover
List Price
compounded annually
20. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
high-ratio mortgage
average wholesale price AWP
loan
compounded annually
21. A percentage discount to customers
desired yield
special discounts
popularity index
mode
22. Multiply cross products to solve (top x bottom = top x bottom)
trade discount
edible portion (EP) amount
yield percentage
cross multiply
23. (simple average) adding the group of items and dividing by the total number of items
interest
mean
Cost control
per diem
24. Interest is paid twelve times a year
compounded monthly
what are the two main types of shares
per diem
Fixed cost
25. The length of the loan
Break Even Point Formula
Subtotal
liabilities
term
26. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
Meter
Base
Dividend
deci-
27. Something that is expected to return a profit
Fixed cost
Meter
requisition
investment
28. A bill
lessor
shares
invoice
average cover formula
29. The amount of money borrowed is between 75% - 95% of the purchase price
default
statistic
high-ratio mortgage
Complement
30. Compares two numbers or quantities by using division.
cross multiply
Direct variable cost
Ratio
special discounts
31. Basic unit of volume in the metric system
Liter
Break Even Point Formula
preference shares
degree celsius
32. Security for a loan
List Price
popularity index
collateral
lease
33. Provide a specific dividend that is paid before any dividends are paid to common stock holders
preference shares
Extremes
assets
bottom line figures
34. When two ratios are equal
Base
proportion
Borrow
maximum
35. You may get a large return or get nothing
Break Even Point
degree celsius
high risk investment
overtime
36. Per annum - yearly
special discounts
p.a.
mortgage
Means
37. The unexpected variablility of returns
FIFO method
risk
conventional mortgage
proportion
38. Share of the profits of a company
dividend
standard employee hours
extention
requisition
39. A number to be divided by another number
multiplier
Metric system
Dividend
Cost control
40. The total of units multiplied by the price
cash flow
extention
Liquidity of Assets
multi modal
41. The divisor of a fraction
Denominator
multiplier
E.O.M
residual value
42. The new percent obtained by subtracting the change percent from 100%.
identify the four helpful calculating tools
Base
capital cost allowance
Complement
43. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
overhead cost
high-ratio mortgage
maximum
percent sign
44. V=lwh
popularity index
Break Even Point Formula
Volume Formula
foreign currency exchange
45. V = pir2h
sensitivity analysis
Cylinder Volume
interest
Centi-
46. Cash + receivables/ current liabilities.
compounded daily
Quick Ratio
liabilities
Depreciation
47. Commission fee - inflation rate - capital gains tax
complete enumeration survey
forecasting
what are the three items that may have to be subracted from the gross return figure when calculating net return
term
48. Interest is paid twice a year
employee turnover
compounded sem-annually
ratio
minimum
49. A complete set of individuals - objects or scores being studied
cross multiply
population
requisition
foreclosure
50. A decimal system of weights and measures based on the meter and the kilogram and the second
Trade Discount
Proportion
Trade Credit
Metric system
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