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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. The number of sales / number of covers
average cover formula
Trade Discount
collateral
perpetual inventory
2. To not spend
requisition
save
invoice
purchase specification
3. Interest is paid four times a year
compounded quarterly
cooking loss test
per diem
purchase specification
4. A decimal figure when x by 2400 gives an approximate annual interest rate
Fixed cost
Average Collection Turnover
Subtotal
define:money factor
5. The process of repossessing and selling the real or personal property when the borrower has defaulted
foreclosure
Average Daily Sales
multiplicand
per diem
6. The length of the loan
what are the three items that may have to be subracted from the gross return figure when calculating net return
standard portion size
term
coupon
7. A complete set of individuals - objects or scores being studied
divisor
Current Assets
population
Break Even Point
8. The lowest number in a group of data
minimum
compounded annually
trade discount
Current Assets
9. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
semi variable cost
popularity index
population
cross-footing
10. A number to be divided by another number
interest
Dividend
numerator
Trade Credit
11. Get temporarily
compounded daily
statistic
Borrow
Break Even Point Formula
12. Interest calculated on the principal plus any accumulated interest
standard portion cost
popularity index
compounded interest
Proportion
13. Total amount before another amount is added or subtracted
Subtotal
Cube Volume
parameter
weighted average
14. The length of time until the debt is zero
mortgagor
overhead cost
amortization period
personal property
15. An item of data that has a different value at different times
variable
Gram
mode
default
16. Preference and common
Cost
multiplier
standardized recipe
what are the two main types of shares
17. The amount of money borrowed is less than 75% of the purchase price
compounded daily
conventional mortgage
Complement
Cost control
18. Cash + receivables/ current liabilities.
average wholesale price AWP
Trade Credit
percent sign
Quick Ratio
19. A metric unit of weight equal to one thousandth of a kilogram
percent
Gram
overtime
variable costs
20. V = pir2h
forecasting
interest
proportion
Cylinder Volume
21. A way of expressing a change from an original amount to a new amount without using a percentage sign.
define:money factor
high-ratio mortgage
Divisor
percentage points
22. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
dividend
cover
sales commission
Direct variable cost
23. Current assets/ current liabilities
peak hours
Denominator
Current Ratio
Average Daily Sales
24. Investing in a well-established company
front-loaded
Quick Ratio
extention
medium risk investment
25. Shows the assets - liabilities and financial position of the company
numerator
lessee
balance sheet
Cylinder Volume
26. The new percent obtained by subtracting the change percent from 100%.
numerator
multiplier
Liquidity of Assets
Complement
27. Cost associated with fixed expenses such as rent - debt service and administration.
medium risk investment
weighted average
overhead cost
p.a.
28. The total of units multiplied by the price
extention
simple interest
cross-footing
physical inventory
29. A paper that entitles the holder to a discount on a particular item
dupe
mortgage
coupon
cash flow
30. Interest is paid once a year
compounded sem-annually
Liter
real property
compounded annually
31. The part of a fraction above the line - which tells how many parts are being counted.
term
numerator
Depreciation
statistic
32. Compares two numbers or quantities by using division.
requisition
Meter
Ratio
Proportion
33. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
bottom line figures
Break Even Point Formula
operational plan
Meter
34. The amount that can actually be eaten - after trimming and cooking
maximum
average cover formula
edible portion (EP) amount
Proportion
35. Interest calculated on the principle
balance sheet
purchase specification
Kilo-
simple interest
36. A portion of the population being studied
Complement
sample
Ratio Analysis
discount
37. Non-payment
default
Liter
Borrow
data
38. Interest is paid twelve times a year
percent
physical inventory
compounded monthly
part
39. V=lwh
Volume Formula
variable costs
Consequent
directs
40. The owner of the property
lessor
mortgagor
sales history
Cost control
41. A series of discounts
capital cost allowance
dividend
chain discounts
lessor
42. The final figures
break even point
operational plan
bottom line figures
Fixed cost
43. The unexpected variablility of returns
risk
simple interest
Cone Volume
percent sign
44. Money given to someone on condition the person will return the money and interest by a specific date
lease
Net Price
production sheet
loan
45. Liable to perish
perishable
range
directs
standard portion cost
46. An inventory costing method that assigns the most recent costs to ending inventory
trade discount
Break Even Point
deci-
FIFO method
47. Costs that remain constant
Trade Credit
fixed costs
Cylinder Volume
per diem
48. A chart showing the lines of responsibility between departments of a large organization
invoice
overhead cost
organization chart
purchase specification
49. Scaling factor based on yield
desired yield
popularity index
weighted average
constant
50. V = e 3
lease
Cube Volume
mean
special discounts
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