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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. V = pir2h
standard portion size
Rate
Compounded
Cylinder Volume
2. Simple and compound
Average Collection Turnover
what are the two types of interest
Centi-
Metric system
3. An inventory costing method that assigns the most recent costs to ending inventory
FIFO method
nonperishable
coupon
bonds
4. Current assets/ current liabilities
Subtotal
Current Ratio
operational plan
multi modal
5. Loans to companies or goverments (no voting rights)
median
p.a.
bonds
shares
6. The divisor of a fraction
variable cost
mortgagee
Denominator
default
7. The amount that can actually be eaten - after trimming and cooking
edible portion (EP) amount
chain discounts
common shares
high risk investment
8. The point at which you stop losing money.
nonperishable
what are the two types of interest
Break Even Point
loan
9. Interest is paid twelve times a year
chain discounts
standard employee hours
compounded monthly
foreclosure
10. Cash + receivables/ current liabilities.
Quick Ratio
identify the four helpful calculating tools
chain discounts
p.a.
11. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
collateral
two methods calculators use to process information
common shares
requisition
12. 3am or 4am when most people are in a deep sleep.
numerator
peak hours
percent
medium risk investment
13. Interest is paid once a year
nonperishable
shares
ratio
compounded annually
14. A cost that rises or falls depending on how much is produced
cross-footing
price earnings ratios
p.a.
variable cost
15. To not spend
save
purchase specification
discount
edible portion (EP) amount
16. Turning assets into cash.
Liquidity of Assets
risk
requisition
define:money factor
17. Accounts receivable/ average daily sales
employee turnover
Fixed cost
collateral
Average Collection Turnover
18. Interest calculated on the principle
simple interest
cover
Cone Volume
net capitalized cost
19. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
percent sign
price earnings ratios
range
on sale
20. A number to be divided by another number
complete enumeration survey
Trade Credit
Dividend
overtime
21. Direct materials cost plus direct labor cost.
assets
high-ratio mortgage
ratio
prime cost
22. Outside numbers in a ratio.
dividend
average cover formula
Extremes
List Price
23. The majority of the early payments go toward paying the interest on the loan
variable costs
front-loaded
on sale
part
24. The number you are dividing by
Liter
multiplicand
divisor
Subtotal
25. A series of discounts
chain discounts
maximum
employee turnover
Cost
26. The amount the property is worth at the end of the lease
Depreciation
residual value
percent sign
trade discount
27. The info collected from a survey and the figures generated through statistical analysis
data
fractions
invoice
E.O.M
28. Share of the profits of a company
trade discount
Consequent
dividend
foreign currency exchange
29. A comparison of two numbers
FIFO method
divisor
Divisor
ratio
30. When two ratios are equal
Extremes
proportion
List Price
invoice
31. 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
Metric system
constant
popularity index
Conversion factor
32. Get temporarily
Depreciation
forecasting
Percent
Borrow
33. 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.
Rate
sales tax
Consequent
minimum
34. An itemized statement of money owed for goods shipped or services rendered
coupon
Metric system
complete enumeration survey
invoice
35. Multiply cross products to solve (top x bottom = top x bottom)
cross multiply
Cost control
perpetual inventory
what are the two main types of shares
36. More than one frequently occuring value in a group of data
multi modal
p.a.
percentage points
what are the two main types of shares
37. The price paid after the trade discount has been subtracted.
numerator
Net Price
peak hours
Conversion factor
38. 1 ounce or less per guest
two methods calculators use to process information
Volume Formula
identify the four helpful calculating tools
standard portion size
39. One thousand grams - thousand
term
statistic
Kilo-
what are the three items that may have to be subracted from the gross return figure when calculating net return
40. Basic unit of volume in the metric system
weighted average
Lowest common denominator
Liter
standard portion size
41. Suggested Retail Price
List Price
what are the three items that may have to be subracted from the gross return figure when calculating net return
proportion
common shares
42. A way of expressing a change from an original amount to a new amount without using a percentage sign.
Consequent
statistic
chain discounts
percentage points
43. Per annum - yearly
on sale
cash discounts
p.a.
perishable
44. The variable of the percentage formula that represents a part of the base.
part
fixed costs
numerator
perishable
45. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
residual value
physical inventory
interest
maximum
46. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
compounded quarterly
define:money factor
invoice
47. N. items or materials needed for something such as a business - expedition - or vessel
Liter
risk
mode
stores
48. End of month.
prime cost
E.O.M
high-ratio mortgage
median
49. A complete set of individuals - objects or scores being studied
population
Current Assets
Means
what are the two main types of shares
50. Security for a loan
Cost control
Cost
variable
collateral