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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. Interest is paid twice a year
high-ratio mortgage
standardized recipe
shares
compounded sem-annually
2. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
variable
yield percentage
proportion
Milli-
3. The total of units multiplied by the price
weighted average
cash flow
extention
trade discount
4. Inside numbers in a ratio.
foreign currency exchange
price earnings ratios
Means
balance sheet
5. The score that falls in the middle
break even point
high risk investment
median
Current Ratio
6. The length of the loan
term
extention
average cover formula
data
7. Amounts of money you owe
Divisor
what are the two main types of shares
FIFO method
liabilities
8. Thousandth
interest
Milli-
perpetual inventory
percentage points
9. The final figures
forecasting
Current Ratio
bottom line figures
standard employee hours
10. Shows the money coming in and expenses for a certain period of time.
standard employee hours
directs
income statement
compounded sem-annually
11. Percentage of the list price.
Trade Discount
physical inventory
employee turnover
Liter
12. The new percent obtained by subtracting the change percent from 100%.
cash flow
Trade Discount
Complement
break even point
13. Direct materials cost plus direct labor cost.
cross multiply
prime cost
investment
complete enumeration survey
14. Part ownership in a company
shares
term
Antecedent
sales tax
15. The length of time until the debt is zero
production sheet
amortization period
parameter
what are the three items that may have to be subracted from the gross return figure when calculating net return
16. Be sufficient to meet - defray - or offset the charge or cost of
Metric system
cover
minimum
foreign currency exchange
17. The interest amount is small - but you are guaranteed to get something
overtime
simple interest
Cone Volume
low risk investment
18. The person paying to borrow property for a certain amount of time for payments
lessee
invoice
preference shares
E.O.M
19. More than one frequently occuring value in a group of data
multi modal
Milli-
multiplicand
residual value
20. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
perpetual inventory
Cylinder Volume
chain discounts
Liter
21. Time worked beyond the established working hours
part
desired yield
overtime
capital cost allowance
22. End of month.
stores
E.O.M
Centi-
maximum
23. Investing in a well-established company
medium risk investment
cross multiply
common shares
balance sheet
24. N. items or materials needed for something such as a business - expedition - or vessel
percent sign
interest
on sale
stores
25. Total fixed costs/ selling price-variable cost
Break Even Point Formula
production sheet
cash flow
average cover formula
26. The majority of the early payments go toward paying the interest on the loan
Average Collection Turnover
front-loaded
Base
mode
27. Interest calculated on the principal plus any accumulated interest
discount
amortization schedule
compounded interest
Denominator
28. Two equivalent ratios joined by an equal sign.
Meter
capital cost allowance
Proportion
Depreciation
29. A number to be divided by another number
Dividend
numerator
p.a.
cross-footing
30. The owner of the property
real property
FIFO method
List Price
lessor
31. Tenth - .1
Consequent
lessor
foreign currency exchange
deci-
32. A comparison of two numbers
ratio
Gram
average wholesale price AWP
directs
33. Interest is paid 365 times a year
investment
compounded daily
multiplicand
price earnings ratios
34. To take away from the original cost of something
medium risk investment
List Price
mortgagor
discount
35. The process of repossessing and selling the real or personal property when the borrower has defaulted
foreclosure
dividend
two methods calculators use to process information
coupon
36. A decrease in price or value
fractions
prime cost
Depreciation
part
37. Money charged by the government and added to the original price of an item
sales tax
sales history
Break Even Point
chain discounts
38. Amount of money coming in and going out of your business monthly
discount
Extremes
income statement
cash flow
39. Scaling factor based on yield
common shares
special discounts
Consequent
desired yield
40. The amount the property is worth at the end of the lease
residual value
invoice
standardized recipe
Milli-
41. The number of sales / number of covers
high risk investment
proportion
compounded sem-annually
average cover formula
42. A metric unit of weight equal to one thousandth of a kilogram
E.O.M
semi variable cost
define:money factor
Gram
43. Interest is paid once a year
Base
Volume Formula
compounded annually
investment
44. A percentage discount to customers
requisition
mortgage
special discounts
operational plan
45. Keeping budgeted costs as close as possible to actual costs.
Cost control
Fixed cost
requisition
Means
46. A percentage discount for buyers associated with the products being sold
compounded daily
divisor
trade discount
mode
47. Number calculated from population data
perishable
average wholesale price AWP
minimum
parameter
48. A bill
invoice
bottom line figures
two methods calculators use to process information
cross multiply
49. A rate that one currency can be exchanged for another
save
multi modal
mortgagee
foreign currency exchange
50. Deciding if its worth the risk
part
sensitivity analysis
semi variable cost
foreign currency exchange