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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. Total fixed costs/ selling price-variable cost
divisor
Means
mortgagee
Break Even Point Formula
2. Basic unit of volume in the metric system
cross multiply
Direct variable cost
high-ratio mortgage
Liter
3. A loan
mode
mortgage
percent
Break Even Point
4. The price after any down-payment or trade-in
conventional mortgage
net capitalized cost
cross multiply
degree celsius
5. V = 1/3 pir2h
Break Even Point
Cost control
Cone Volume
statistic
6. Number calculated from population data
cross multiply
sales commission
parameter
liabilities
7. A percentage discount for buyers associated with the products being sold
trade discount
cross-footing
assets
overhead cost
8. Interest calculated on the principle
Consequent
numerator
simple interest
nonperishable
9. Identifies short-term activities to implement strategic plans
operational plan
average wholesale price AWP
Net Price
multi modal
10. Two equivalent ratios joined by an equal sign.
E.O.M
Proportion
high risk investment
Trade Discount
11. First term in a ratio.
Current Assets
Antecedent
balance sheet
retired or amortized
12. Suggested Retail Price
List Price
complete enumeration survey
stores
cash discounts
13. Paid in full
retired or amortized
high risk investment
percent sign
Kilo-
14. Money charged by the government and added to the original price of an item
shares
sales tax
two methods calculators use to process information
foreign currency exchange
15. Keeping budgeted costs as close as possible to actual costs.
sales tax
Cost control
Antecedent
Break Even Point
16. A cost that does not change - no matter how much of a good is produced
Break Even Point Formula
physical inventory
variable cost
Fixed cost
17. The borrower
Consequent
List Price
assets
mortgagor
18. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
multiplicand
ratio
percent sign
foreclosure
19. A bill
investment
invoice
p.a.
Cost control
20. Total annual sales/365
divisor
Average Daily Sales
Dividend
what are the two main types of shares
21. The process of repossessing and selling the real or personal property when the borrower has defaulted
amortization period
foreclosure
semi variable cost
Cost control
22. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
employee turnover
extention
risk
coupon
23. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
multi modal
physical inventory
overhead cost
organization chart
24. Costs that remain constant
semi variable cost
dupe
invoice
fixed costs
25. Shows the money coming in and expenses for a certain period of time.
liabilities
income statement
break even point
chain discounts
26. 1 ounce or less per guest
collateral
mode
Consequent
standard portion size
27. Indicators of the confidence investors have in a company (the higher the better)
price earnings ratios
balance sheet
dupe
standardized recipe
28. 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
amortization period
Net Price
Cost
Conversion factor
29. Direct materials cost plus direct labor cost.
compounded annually
fixed costs
prime cost
what are the three items that may have to be subracted from the gross return figure when calculating net return
30. Scaling factor based on yield
desired yield
Quick Ratio
Means
Kilo-
31. Where info is collected for every unit of the population
on sale
complete enumeration survey
personal property
Kilo-
32. The lowest number in a group of data
minimum
low risk investment
Break Even Point
Volume Formula
33. The info collected from a survey and the figures generated through statistical analysis
data
requisition
Borrow
Conversion factor
34. # of servings of an item / total number of servings of all items in that category each day
Trade Discount
invoice
per diem
popularity index
35. One thousand grams - thousand
Complement
Cylinder Volume
multi modal
Kilo-
36. Interest is paid twelve times a year
standard portion cost
percent
compounded monthly
preference shares
37. 0.01 - 1/100 - hundredth
compounded quarterly
front-loaded
Centi-
risk
38. Security for a loan
lessee
collateral
fixed costs
foreign currency exchange
39. Multiply cross products to solve (top x bottom = top x bottom)
Compounded
standardized recipe
save
cross multiply
40. Adding columns of figures horizontally and vertically to check that the totals agree
shares
organization chart
weighted average
cross-footing
41. Manages; guides; controls; commands; tells or shows the way
employee turnover
liabilities
cash discounts
directs
42. Percentage of the list price.
Trade Discount
Average Daily Sales
organization chart
special discounts
43. Simple and compound
what are the two types of interest
Cost
divisor
on sale
44. The part of a fraction above the line - which tells how many parts are being counted.
numerator
Cone Volume
Denominator
multiplicand
45. To take away from the original cost of something
discount
what are the two main types of shares
Cost control
compounded daily
46. The unexpected variablility of returns
Cone Volume
desired yield
conventional mortgage
risk
47. A number to be divided by another number
mortgagor
numerator
Conversion factor
Dividend
48. Per annum - yearly
collateral
p.a.
high-ratio mortgage
common shares
49. Deciding if its worth the risk
price earnings ratios
sensitivity analysis
desired yield
maximum
50. Loans to companies or goverments (no voting rights)
bonds
prime cost
Liquidity of Assets
lessee