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Test your basic knowledge |
DSST Business Math Vocab
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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. Sheet that lists all menu items that are going - to be prepared for a given date
production sheet
cash discounts
numerator
Dividend
2. Cash + receivables/ current liabilities.
weighted average
Extremes
retired or amortized
Quick Ratio
3. Interest is paid twelve times a year
perpetual inventory
List Price
compounded monthly
popularity index
4. The number you are multipliying by
parameter
Inventory Turnover
multiplier
compounded interest
5. Money charged by the government and added to the original price of an item
mode
sales tax
foreign currency exchange
mean
6. Discounts offered to encourage customers to pay their bills on time
cash discounts
real property
FIFO method
Cube Volume
7. The part of a fraction above the line - which tells how many parts are being counted.
average cover formula
parameter
numerator
Trade Discount
8. A portion of the population being studied
sample
FIFO method
dupe
fixed costs
9. A cost that does not change - no matter how much of a good is produced
chain discounts
high-ratio mortgage
per diem
Fixed cost
10. The lowest number in a group of data
variable cost
minimum
Metric system
Cone Volume
11. Allows you to buy merchandise from a supplier and pay at a later - specified date.
Trade Credit
liabilities
retired or amortized
save
12. Number calculated from population data
what are the two main types of shares
Ratio Analysis
Average Collection Turnover
parameter
13. Interest is paid once a year
standard employee hours
cover
compounded annually
cross multiply
14. Electronic - portable (pocket) - computer - spreadsheets
coupon
standard portion cost
identify the four helpful calculating tools
assets
15. 0.01 - 1/100 - hundredth
Proportion
fixed costs
Centi-
cross multiply
16. The highest number in a group of data
on sale
List Price
Divisor
maximum
17. A paper that entitles the holder to a discount on a particular item
standard portion cost
loan
coupon
directs
18. The total of units multiplied by the price
extention
amortization period
Meter
directs
19. 3am or 4am when most people are in a deep sleep.
Base
parameter
compounded sem-annually
peak hours
20. A decimal system of weights and measures based on the meter and the kilogram and the second
Metric system
Means
forecasting
Net Price
21. 1 ounce or less per guest
save
Conversion factor
production sheet
standard portion size
22. Money earned on an investment or paid on a loan
interest
lessor
risk
Liter
23. A chart showing the lines of responsibility between departments of a large organization
production sheet
organization chart
Means
Cost
24. The amount that can actually be eaten - after trimming and cooking
List Price
Consequent
semi variable cost
edible portion (EP) amount
25. Suggested Retail Price
Borrow
part
overhead cost
List Price
26. Used often by business management to analyze the financial position of the business.
interest
Ratio Analysis
Trade Credit
multiplier
27. Manages; guides; controls; commands; tells or shows the way
directs
foreign currency exchange
Denominator
Current Ratio
28. The number by which a dividend is divided
Milli-
organization chart
Divisor
variable cost
29. Total annual sales/365
cross-footing
common shares
Compounded
Average Daily Sales
30. Interest calculated on the principal plus any accumulated interest
compounded interest
Compounded
income statement
deci-
31. Special hours of work regulations in several industries exempt or set different standards for certain employees
coupon
mean
standard employee hours
sales commission
32. Systematic recording of all sales achieved during a predetermined time period
purchase specification
sales history
sales tax
variable
33.
Fixed cost
degree celsius
Borrow
lease
34. Second term in a ratio.
Break Even Point Formula
compounded monthly
sales commission
Consequent
35. Identifies short-term activities to implement strategic plans
multiplicand
operational plan
risk
Milli-
36. Total fixed costs/ selling price-variable cost
fixed costs
personal property
Break Even Point Formula
residual value
37. The amount the property is worth at the end of the lease
residual value
range
conventional mortgage
real property
38. One thousand grams - thousand
Percent
operational plan
variable costs
Kilo-
39. The price paid after the trade discount has been subtracted.
bottom line figures
List price
Net Price
average cover formula
40. Will not decay or rot
Cylinder Volume
median
nonperishable
statistic
41. Preference and common
Proportion
dupe
what are the two main types of shares
Trade Credit
42. Accounts receivable/ average daily sales
Dividend
mortgagor
foreign currency exchange
Average Collection Turnover
43. A contract giving someone the right to use something for a certain length of time
Borrow
lease
forecasting
Conversion factor
44. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
physical inventory
collateral
sales tax
Gram
45. The score that falls in the middle
median
parameter
fractions
data
46. Per annum - yearly
Lowest common denominator
p.a.
overhead cost
loan
47. Thousandth
retired or amortized
List price
Milli-
sales history
48. Interest calculated on the principle
lessee
overhead cost
prime cost
simple interest
49. The lender
mortgagee
mortgagor
Rate
Liquidity of Assets
50. Cost associated with fixed expenses such as rent - debt service and administration.
Divisor
production sheet
Quick Ratio
overhead cost
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