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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. 3am or 4am when most people are in a deep sleep.
peak hours
average cover formula
Cost
percent sign
2. Cost associated with fixed expenses such as rent - debt service and administration.
overhead cost
price earnings ratios
compounded annually
residual value
3. When an item is discounted or less than the original price
simple interest
dividend
extention
on sale
4. Way to measure amount of product shrinkage during cooking/roasting process
variable cost
yield percentage
Complement
cooking loss test
5. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
statistic
medium risk investment
Liter
Percent
6. Total fixed costs/ selling price-variable cost
Break Even Point Formula
purchase specification
medium risk investment
interest
7. When several percentages occur in successions.
high-ratio mortgage
capital cost allowance
cash discounts
Compounded
8. A decimal figure when x by 2400 gives an approximate annual interest rate
standard portion cost
shares
define:money factor
Average Collection Turnover
9. Percentage of the list price.
real property
income statement
Trade Discount
Base
10. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
Direct variable cost
standard portion cost
constant
retired or amortized
11. The length of time until the debt is zero
what are the two types of interest
Dividend
Divisor
amortization period
12. V=lwh
Volume Formula
Cone Volume
Trade Credit
yield percentage
13. The info collected from a survey and the figures generated through statistical analysis
risk
data
cash flow
on sale
14. A statement made about the future
sales commission
Average Collection Turnover
forecasting
yield percentage
15. The lowest number in a group of data
standard portion size
residual value
sales history
minimum
16. Systematic recording of all sales achieved during a predetermined time period
prime cost
sales history
define:money factor
amortization period
17. The price after any down-payment or trade-in
net capitalized cost
shares
percent
compounded daily
18. Interest is paid four times a year
percentage points
personal property
compounded quarterly
bottom line figures
19. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
Lowest common denominator
sample
percentage points
perpetual inventory
20. Shows the money coming in and expenses for a certain period of time.
income statement
Extremes
invoice
compounded daily
21. Direct materials cost plus direct labor cost.
Ratio Analysis
foreclosure
prime cost
standard portion cost
22. Part ownership in a company
interest
Depreciation
what are the three items that may have to be subracted from the gross return figure when calculating net return
shares
23. Loans to companies or goverments (no voting rights)
identify the four helpful calculating tools
amortization schedule
part
bonds
24. A measure of how many times the value of the inventory is sold in one year.
bottom line figures
cash discounts
Inventory Turnover
Cylinder Volume
25. Will not decay or rot
perpetual inventory
nonperishable
residual value
simple interest
26. The difference between the highest and lowest numbers in a set of data
Base
List Price
range
simple interest
27. Amounts of money you owe
liabilities
divisor
special discounts
parameter
28. Real estate (houses - condos - warehouses - factories - etc)
Current Assets
compounded interest
real property
Conversion factor
29. Parts of a whole number
fractions
percentage points
Inventory Turnover
Lowest common denominator
30. The unexpected variablility of returns
risk
popularity index
cooking loss test
data
31. V = 1/3 pir2h
p.a.
Antecedent
Cone Volume
production sheet
32. Cost of the an item/# of portions it contains.
standard portion cost
standardized recipe
compounded annually
organization chart
33. Cash + receivables/ current liabilities.
what are the two main types of shares
medium risk investment
Quick Ratio
Divisor
34. Turning assets into cash.
overhead cost
Liquidity of Assets
mortgagor
Current Assets
35. An itemized statement of money owed for goods shipped or services rendered
median
ratio
invoice
perishable
36. A number to be divided by another number
Trade Discount
Dividend
Fixed cost
foreign currency exchange
37. Preference and common
what are the two main types of shares
coupon
compounded quarterly
desired yield
38. Multiply cross products to solve (top x bottom = top x bottom)
personal property
cross multiply
simple interest
standard employee hours
39. The number of sales / number of covers
real property
average cover formula
loan
term
40. 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
foreclosure
fractions
Average Daily Sales
41.
dividend
weighted average
degree celsius
net capitalized cost
42. 0.01 - 1/100 - hundredth
percent
variable costs
Average Daily Sales
Centi-
43. Discounts offered to encourage customers to pay their bills on time
compounded quarterly
perpetual inventory
cash discounts
Consequent
44. # of servings of an item / total number of servings of all items in that category each day
p.a.
default
compounded quarterly
popularity index
45. The total of units multiplied by the price
capital cost allowance
extention
E.O.M
part
46. A series of discounts
Complement
desired yield
chain discounts
average cover formula
47. Inside numbers in a ratio.
statistic
Cube Volume
income statement
Means
48. Simple and compound
what are the two types of interest
Percent
dividend
perpetual inventory
49. A cost that does not change - no matter how much of a good is produced
Fixed cost
variable cost
Cylinder Volume
cover
50. Number calculated from population data
Inventory Turnover
Cone Volume
percent sign
parameter