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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. The number you are multipliying by
physical inventory
residual value
lessee
multiplier
2. The number of sales / number of covers
cross-footing
per diem
average cover formula
Cone Volume
3. Commission fee - inflation rate - capital gains tax
invoice
retired or amortized
FIFO method
what are the three items that may have to be subracted from the gross return figure when calculating net return
4. Way to measure amount of product shrinkage during cooking/roasting process
cooking loss test
lessee
liabilities
overtime
5. Indicators of the confidence investors have in a company (the higher the better)
foreign currency exchange
price earnings ratios
assets
Base
6. Money earned on an investment or paid on a loan
amortization period
interest
compounded sem-annually
term
7. V = 1/3 pir2h
Cone Volume
part
requisition
compounded monthly
8. (simple average) adding the group of items and dividing by the total number of items
edible portion (EP) amount
mean
complete enumeration survey
Ratio Analysis
9. Parts of a whole number
fractions
statistic
Gram
range
10. Simple and compound
what are the two types of interest
dividend
Proportion
statistic
11. Identifies short-term activities to implement strategic plans
operational plan
Break Even Point Formula
identify the four helpful calculating tools
variable
12. Tenth - .1
mortgage
deci-
compounded quarterly
define:money factor
13. Scaling factor based on yield
desired yield
Volume Formula
Meter
Break Even Point
14. A paper that entitles the holder to a discount on a particular item
shares
semi variable cost
coupon
capital cost allowance
15. Adding columns of figures horizontally and vertically to check that the totals agree
special discounts
divisor
cross-footing
sales history
16. Per annum - yearly
overtime
p.a.
Cone Volume
invoice
17. Accounts receivable/ average daily sales
employee turnover
desired yield
per diem
Average Collection Turnover
18. Costs that fluctuate
Lowest common denominator
variable costs
physical inventory
Direct variable cost
19. The difference between the highest and lowest numbers in a set of data
Subtotal
lease
amortization period
range
20. A decimal figure when x by 2400 gives an approximate annual interest rate
Subtotal
define:money factor
forecasting
requisition
21. The number to be divided by
Quick Ratio
income statement
dividend
lessor
22. Costs that remain constant
extention
cash discounts
average cover formula
fixed costs
23. A portion of the population being studied
multiplier
variable costs
Cost
sample
24. Suggested Retail Price
List Price
weighted average
Current Assets
Subtotal
25. An item of data the stays the same
percent
constant
standard portion size
loan
26. Interest calculated on the principle
percent sign
degree celsius
simple interest
real property
27. Compares two numbers or quantities by using division.
Ratio
compounded daily
capital cost allowance
trade discount
28. Deciding if its worth the risk
retired or amortized
amortization period
coupon
sensitivity analysis
29. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
perpetual inventory
divisor
balance sheet
standardized recipe
30. Real estate (houses - condos - warehouses - factories - etc)
FIFO method
Proportion
Complement
real property
31. You may get a large return or get nothing
interest
ratio
standard employee hours
high risk investment
32. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
ratio
percent sign
Volume Formula
Lowest common denominator
33. To not spend
Fixed cost
save
coupon
multi modal
34. Paid dividends after the preference shares have been paid
Conversion factor
risk
common shares
median
35. When several percentages occur in successions.
requisition
Compounded
what are the two types of interest
Complement
36. Get temporarily
Borrow
mean
cross multiply
average wholesale price AWP
37. A number to be divided by another number
Centi-
Dividend
percentage points
Conversion factor
38. Percentage of the list price.
Trade Discount
employee turnover
requisition
compounded interest
39. Electronic - portable (pocket) - computer - spreadsheets
Trade Credit
compounded interest
cover
identify the four helpful calculating tools
40. A measure of how many times the value of the inventory is sold in one year.
dupe
Inventory Turnover
Net Price
sensitivity analysis
41. The smallest number - other than zero - that can be the denominator for two or more common fractions
price earnings ratios
Lowest common denominator
common shares
invoice
42. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
dupe
low risk investment
invoice
yield percentage
43. Algebraic - arithmetic
conventional mortgage
sales tax
Cost
two methods calculators use to process information
44. The original cost of an item
data
List price
percentage points
Direct variable cost
45. Preference and common
what are the two main types of shares
Average Daily Sales
desired yield
define:money factor
46. Amount of money coming in and going out of your business monthly
Cost control
risk
Conversion factor
cash flow
47. The borrower
physical inventory
standard employee hours
requisition
mortgagor
48.
assets
standard portion cost
degree celsius
fractions
49. The number by which a dividend is divided
what are the three items that may have to be subracted from the gross return figure when calculating net return
Current Assets
proportion
Divisor
50. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
medium risk investment
nonperishable
Direct variable cost
cash flow