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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. Paid in full
what are the two types of interest
dividend
proportion
retired or amortized
2. Part ownership in a company
dividend
shares
cooking loss test
parameter
3. The amount that can actually be eaten - after trimming and cooking
identify the four helpful calculating tools
percent
yield percentage
edible portion (EP) amount
4.
cash flow
standard employee hours
degree celsius
parameter
5. Security for a loan
collateral
cross-footing
mortgagor
data
6. A chart that shows the balance of the mortgage after each amortization period
statistic
percent sign
amortization schedule
compounded quarterly
7. Way to measure amount of product shrinkage during cooking/roasting process
data
weighted average
cooking loss test
Borrow
8. The part of a fraction above the line - which tells how many parts are being counted.
dupe
numerator
on sale
Rate
9. An item of data that has a different value at different times
Percent
Centi-
variable
liabilities
10. The new percent obtained by subtracting the change percent from 100%.
Cost
Complement
amortization schedule
physical inventory
11. Real estate (houses - condos - warehouses - factories - etc)
sales commission
sales history
real property
cash discounts
12. Total annual sales/365
Break Even Point Formula
high risk investment
Average Daily Sales
Kilo-
13. The depreciation of an asset as an expense
mode
capital cost allowance
front-loaded
directs
14. V = pir2h
Cylinder Volume
balance sheet
Liquidity of Assets
part
15. Number calculated from population data
semi variable cost
net capitalized cost
parameter
two methods calculators use to process information
16. The first number
sensitivity analysis
multiplicand
define:money factor
Base
17. 3am or 4am when most people are in a deep sleep.
peak hours
Average Daily Sales
minimum
front-loaded
18. The info collected from a survey and the figures generated through statistical analysis
purchase specification
lessee
data
Average Collection Turnover
19. The point at which you stop losing money.
Rate
what are the three items that may have to be subracted from the gross return figure when calculating net return
dupe
Break Even Point
20. A contract giving someone the right to use something for a certain length of time
divisor
Break Even Point
multiplier
lease
21. Used when the each piece of data has more than one component
parameter
dupe
assets
weighted average
22. Indicators of the confidence investors have in a company (the higher the better)
lessee
interest
percentage points
price earnings ratios
23. Cash + receivables/ current liabilities.
parameter
dupe
Quick Ratio
sales tax
24. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
simple interest
range
parameter
Direct variable cost
25. Per annum - yearly
Direct variable cost
Borrow
Metric system
p.a.
26. The person paying to borrow property for a certain amount of time for payments
weighted average
lessee
Current Ratio
cash discounts
27. An itemized statement of money owed for goods shipped or services rendered
production sheet
requisition
invoice
Direct variable cost
28. The original cost of an item
List price
special discounts
physical inventory
residual value
29. A series of discounts
standardized recipe
special discounts
chain discounts
trade discount
30. Interest calculated on the principal plus any accumulated interest
perishable
Percent
part
compounded interest
31. The interest amount is small - but you are guaranteed to get something
multiplier
Cost control
lease
low risk investment
32. A statement made about the future
range
forecasting
Complement
production sheet
33. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
Denominator
Meter
invoice
Break Even Point Formula
34. The majority of the early payments go toward paying the interest on the loan
forecasting
front-loaded
average wholesale price AWP
term
35. Two equivalent ratios joined by an equal sign.
standard portion cost
E.O.M
Proportion
prime cost
36. Per day
default
Compounded
per diem
cash discounts
37. Time worked beyond the established working hours
two methods calculators use to process information
residual value
retired or amortized
overtime
38. A loan
data
shares
mortgage
Kilo-
39. One thousand grams - thousand
Kilo-
mode
liabilities
purchase specification
40. A person who is tricked or swindled
numerator
dupe
high-ratio mortgage
organization chart
41. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
Borrow
compounded daily
employee turnover
Cube Volume
42. The money paid to an employee based on a percentage of their sales
balance sheet
chain discounts
edible portion (EP) amount
sales commission
43. The price after any down-payment or trade-in
overtime
net capitalized cost
numerator
standard portion size
44. Paid dividends after the preference shares have been paid
percentage points
common shares
mean
forecasting
45. Get temporarily
Lowest common denominator
Borrow
maximum
proportion
46. A metric unit of weight equal to one thousandth of a kilogram
amortization schedule
Extremes
Gram
prime cost
47. Parts of a whole number
Subtotal
multi modal
fractions
invoice
48. A way of expressing a change from an original amount to a new amount without using a percentage sign.
collateral
percentage points
chain discounts
forecasting
49. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
Net Price
standardized recipe
interest
invoice
50. An inventory costing method that assigns the most recent costs to ending inventory
net capitalized cost
Cube Volume
Means
FIFO method