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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. Thousandth
Cylinder Volume
medium risk investment
median
Milli-
2. Interest is paid 365 times a year
standard portion cost
compounded daily
sensitivity analysis
physical inventory
3. Part ownership in a company
shares
List Price
Centi-
FIFO method
4. Interest calculated on the principle
Current Ratio
preference shares
Subtotal
simple interest
5. A cost that does not change - no matter how much of a good is produced
ratio
multiplier
Fixed cost
operational plan
6. Electronic - portable (pocket) - computer - spreadsheets
Volume Formula
Means
price earnings ratios
identify the four helpful calculating tools
7. The divisor of a fraction
Direct variable cost
what are the two main types of shares
Denominator
invoice
8. The length of the loan
Cost control
term
bonds
Cube Volume
9. The variable of the percentage formula that represents a part of the base.
part
Subtotal
Divisor
range
10. One thousand grams - thousand
fractions
net capitalized cost
constant
Kilo-
11. The price after any down-payment or trade-in
net capitalized cost
Direct variable cost
sales history
compounded quarterly
12. Deciding if its worth the risk
mortgagor
peak hours
sensitivity analysis
complete enumeration survey
13. Algebraic - arithmetic
capital cost allowance
Rate
two methods calculators use to process information
Trade Credit
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
dividend
cash discounts
Conversion factor
foreclosure
15. A bill
Milli-
invoice
percent
overhead cost
16. A cost that rises or falls depending on how much is produced
lessor
investment
variable cost
Current Assets
17. Suggested Retail Price
List Price
physical inventory
perpetual inventory
amortization period
18. Real estate (houses - condos - warehouses - factories - etc)
maximum
popularity index
real property
compounded quarterly
19. Sheet that lists all menu items that are going - to be prepared for a given date
Average Daily Sales
dividend
production sheet
net capitalized cost
20. Provide a specific dividend that is paid before any dividends are paid to common stock holders
edible portion (EP) amount
multiplicand
trade discount
preference shares
21. A measure of the number of days needed to collect accounts receivable.
Base
Average Collection Turnover
collateral
organization chart
22. An item of data that has a different value at different times
Complement
variable
dupe
perpetual inventory
23. A complete set of individuals - objects or scores being studied
population
define:money factor
organization chart
part
24. Cash or assets that can quickly be converted into cash.
Current Assets
default
compounded daily
investment
25. A chart showing the lines of responsibility between departments of a large organization
mortgagee
organization chart
p.a.
Rate
26. 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
mortgagee
amortization period
Extremes
27. Something that is expected to return a profit
organization chart
constant
compounded quarterly
investment
28. A metric unit of weight equal to one thousandth of a kilogram
Metric system
what are the two types of interest
Cone Volume
Gram
29. The first number
multiplicand
purchase specification
retired or amortized
sales tax
30. The number you are dividing by
cash discounts
divisor
proportion
Depreciation
31. 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.
semi variable cost
stores
requisition
Rate
32. V=lwh
weighted average
Kilo-
Volume Formula
deci-
33. # of servings of an item / total number of servings of all items in that category each day
forecasting
foreclosure
amortization schedule
popularity index
34. Number calculated from population data
Gram
Direct variable cost
parameter
simple interest
35. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
Extremes
Metric system
compounded annually
standardized recipe
36. A percentage discount to customers
on sale
special discounts
operational plan
peak hours
37. Interest is paid twice a year
high-ratio mortgage
compounded sem-annually
liabilities
income statement
38. Money charged by the government and added to the original price of an item
sales tax
Break Even Point Formula
popularity index
standard employee hours
39. Things you own
dividend
shares
assets
what are the two types of interest
40. Inside numbers in a ratio.
physical inventory
Means
bonds
dupe
41. An itemized statement of money owed for goods shipped or services rendered
identify the four helpful calculating tools
invoice
Break Even Point Formula
Gram
42. V = e 3
price earnings ratios
multi modal
Cube Volume
identify the four helpful calculating tools
43. Paid in full
Extremes
retired or amortized
Direct variable cost
organization chart
44. Share of the profits of a company
Extremes
Break Even Point Formula
dividend
Cube Volume
45. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
Cube Volume
Percent
invoice
dividend
46. Shows the money coming in and expenses for a certain period of time.
desired yield
income statement
Consequent
minimum
47. The amount that can actually be eaten - after trimming and cooking
Quick Ratio
standard employee hours
edible portion (EP) amount
interest
48. The highest number in a group of data
maximum
FIFO method
Ratio
divisor
49. The length of time until the debt is zero
Current Ratio
statistic
amortization period
special discounts
50. A decimal system of weights and measures based on the meter and the kilogram and the second
Means
overtime
Metric system
Subtotal