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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. A chart that shows the balance of the mortgage after each amortization period
income statement
amortization schedule
chain discounts
Antecedent
2. Provide a specific dividend that is paid before any dividends are paid to common stock holders
mortgagee
sales commission
standardized recipe
preference shares
3. The length of the loan
List Price
liabilities
term
cooking loss test
4. A statement made about the future
List price
forecasting
compounded sem-annually
cash discounts
5. The interest amount is small - but you are guaranteed to get something
prime cost
loan
production sheet
low risk investment
6. The lender
Consequent
Cylinder Volume
mortgagee
population
7. A cost that rises or falls depending on how much is produced
variable cost
variable
risk
what are the two types of interest
8. The info collected from a survey and the figures generated through statistical analysis
invoice
dupe
data
E.O.M
9. Used when the each piece of data has more than one component
weighted average
mortgagee
prime cost
median
10. A way of expressing a change from an original amount to a new amount without using a percentage sign.
percentage points
sensitivity analysis
Proportion
FIFO method
11. Per annum - yearly
Antecedent
p.a.
Quick Ratio
Proportion
12. The money paid to an employee based on a percentage of their sales
sales commission
risk
popularity index
Liter
13. Interest is paid twelve times a year
on sale
perpetual inventory
compounded monthly
percentage points
14. A measure of the number of days needed to collect accounts receivable.
Average Collection Turnover
shares
E.O.M
nonperishable
15. Sheet that lists all menu items that are going - to be prepared for a given date
Cost
production sheet
compounded annually
Average Daily Sales
16. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
average wholesale price AWP
employee turnover
edible portion (EP) amount
Lowest common denominator
17. The price paid after the trade discount has been subtracted.
numerator
on sale
Net Price
fixed costs
18. (simple average) adding the group of items and dividing by the total number of items
mean
define:money factor
Divisor
Average Daily Sales
19. The variable of the percentage formula that represents 100% - or the whole thing.
special discounts
interest
sensitivity analysis
Base
20. The amount the property is worth at the end of the lease
residual value
real property
mode
foreclosure
21. The smallest number - other than zero - that can be the denominator for two or more common fractions
Lowest common denominator
peak hours
population
semi variable cost
22. N. items or materials needed for something such as a business - expedition - or vessel
physical inventory
compounded annually
coupon
stores
23. A measure of how many times the value of the inventory is sold in one year.
Inventory Turnover
sample
two methods calculators use to process information
compounded daily
24. An itemized statement of money owed for goods shipped or services rendered
percentage points
compounded daily
invoice
Quick Ratio
25. Shows the assets - liabilities and financial position of the company
standard portion cost
Metric system
balance sheet
real property
26. The difference between the highest and lowest numbers in a set of data
Net Price
bonds
range
constant
27. Time worked beyond the established working hours
sales history
compounded interest
overtime
forecasting
28. Total fixed costs/ selling price-variable cost
Break Even Point Formula
high-ratio mortgage
requisition
Liquidity of Assets
29. Shows the money coming in and expenses for a certain period of time.
income statement
minimum
median
semi variable cost
30. Number calculated from population data
parameter
identify the four helpful calculating tools
fixed costs
perpetual inventory
31. Outside numbers in a ratio.
deci-
interest
Extremes
Inventory Turnover
32. Money earned on an investment or paid on a loan
standard portion size
interest
income statement
average cover formula
33. The highest number in a group of data
sensitivity analysis
maximum
Depreciation
percentage points
34. Property other than real estate (often called a chattel mortgage)
collateral
Current Assets
break even point
personal property
35. Cost of the an item/# of portions it contains.
standard portion cost
cover
foreign currency exchange
preference shares
36. Something that is expected to return a profit
Current Assets
FIFO method
investment
variable
37. A decimal system of weights and measures based on the meter and the kilogram and the second
Metric system
directs
data
employee turnover
38. Total amount before another amount is added or subtracted
Ratio
Subtotal
semi variable cost
employee turnover
39. Adding columns of figures horizontally and vertically to check that the totals agree
break even point
average cover formula
Ratio Analysis
cross-footing
40. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
Ratio
semi variable cost
percent sign
standardized recipe
41. The part of a fraction above the line - which tells how many parts are being counted.
numerator
loan
median
fractions
42. Used often by business management to analyze the financial position of the business.
Percent
Ratio Analysis
medium risk investment
fractions
43. Things you own
balance sheet
assets
real property
dividend
44. An inventory costing method that assigns the most recent costs to ending inventory
Metric system
FIFO method
discount
compounded monthly
45. The length of time until the debt is zero
Current Ratio
cross multiply
cooking loss test
amortization period
46. The unexpected variablility of returns
risk
cross-footing
balance sheet
purchase specification
47. Part ownership in a company
shares
amortization schedule
compounded annually
invoice
48. Cash or assets that can quickly be converted into cash.
Current Assets
amortization schedule
sales history
what are the three items that may have to be subracted from the gross return figure when calculating net return
49. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
Trade Credit
organization chart
shares
50. When an item is discounted or less than the original price
on sale
Meter
peak hours
standard portion cost
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