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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. Indicators of the confidence investors have in a company (the higher the better)
variable
sample
cover
price earnings ratios
2. The price paid after the trade discount has been subtracted.
Net Price
mortgagee
bottom line figures
shares
3. The lowest number in a group of data
fractions
complete enumeration survey
minimum
Volume Formula
4. The number of sales / number of covers
two methods calculators use to process information
Means
employee turnover
average cover formula
5. When several percentages occur in successions.
weighted average
lessor
Proportion
Compounded
6. To not spend
dupe
save
Direct variable cost
Milli-
7. The info collected from a survey and the figures generated through statistical analysis
on sale
data
mortgagee
default
8. Current assets/ current liabilities
data
Current Ratio
Average Daily Sales
constant
9. Parts of a whole number
fractions
degree celsius
lease
Break Even Point Formula
10. Per day
per diem
numerator
term
high-ratio mortgage
11. The amount of money borrowed is less than 75% of the purchase price
median
define:money factor
conventional mortgage
sales tax
12. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
Conversion factor
percent
trade discount
13. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
Denominator
simple interest
employee turnover
cash flow
14. A portion of the population being studied
default
population
sales commission
sample
15. Of one hundred
high risk investment
identify the four helpful calculating tools
percent
percentage points
16. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
sales tax
List Price
high risk investment
percent sign
17. V=lwh
Divisor
sample
organization chart
Volume Formula
18. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
perpetual inventory
Break Even Point Formula
forecasting
requisition
19. Accounts receivable/ average daily sales
Compounded
maximum
Average Collection Turnover
on sale
20. The new percent obtained by subtracting the change percent from 100%.
average wholesale price AWP
perpetual inventory
Complement
net capitalized cost
21. 1 ounce or less per guest
what are the two types of interest
standard portion size
Cylinder Volume
sample
22. Liable to perish
Compounded
perishable
lessee
mortgagee
23. Where info is collected for every unit of the population
complete enumeration survey
popularity index
Extremes
Liquidity of Assets
24. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units
dividend
Conversion factor
capital cost allowance
compounded quarterly
25. Costs that remain constant
cash discounts
fixed costs
population
two methods calculators use to process information
26. Cost associated with fixed expenses such as rent - debt service and administration.
lease
interest
sales commission
overhead cost
27. Scaling factor based on yield
cooking loss test
physical inventory
desired yield
Borrow
28. The money paid to an employee based on a percentage of their sales
standardized recipe
sales commission
income statement
semi variable cost
29. Used when the each piece of data has more than one component
variable costs
operational plan
weighted average
fixed costs
30. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
extention
high risk investment
Percent
front-loaded
31. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
constant
physical inventory
bottom line figures
identify the four helpful calculating tools
32. Interest calculated on the principle
Fixed cost
simple interest
collateral
variable
33. # of servings of an item / total number of servings of all items in that category each day
extention
Liter
employee turnover
popularity index
34. Simple and compound
break even point
front-loaded
high risk investment
what are the two types of interest
35. Special hours of work regulations in several industries exempt or set different standards for certain employees
foreign currency exchange
standard employee hours
Trade Credit
variable costs
36. Turning assets into cash.
standard portion size
Liquidity of Assets
sales tax
List price
37. The point at which you stop losing money.
assets
Break Even Point
invoice
Ratio
38. The length of time until the debt is zero
define:money factor
amortization period
price earnings ratios
Cone Volume
39. Will not decay or rot
Trade Discount
parameter
FIFO method
nonperishable
40. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
average wholesale price AWP
popularity index
per diem
high risk investment
41. 3am or 4am when most people are in a deep sleep.
peak hours
personal property
compounded sem-annually
average wholesale price AWP
42. To take away from the original cost of something
constant
Ratio
discount
stores
43. Provide a specific dividend that is paid before any dividends are paid to common stock holders
preference shares
foreign currency exchange
bottom line figures
Net Price
44. The divisor of a fraction
minimum
special discounts
Complement
Denominator
45. The owner of the property
lessor
Average Daily Sales
Depreciation
Metric system
46. The amount that can actually be eaten - after trimming and cooking
degree celsius
cooking loss test
edible portion (EP) amount
compounded annually
47. V = pir2h
amortization period
on sale
Complement
Cylinder Volume
48. Suggested Retail Price
part
average cover formula
what are the three items that may have to be subracted from the gross return figure when calculating net return
List Price
49. A percentage discount for buyers associated with the products being sold
Proportion
FIFO method
trade discount
numerator
50. The person paying to borrow property for a certain amount of time for payments
variable
lessee
Depreciation
forecasting