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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. Cash or assets that can quickly be converted into cash.
Cone Volume
Current Assets
weighted average
liabilities
2. Second term in a ratio.
desired yield
Percent
Consequent
employee turnover
3. The number of sales / number of covers
average cover formula
List Price
Quick Ratio
foreign currency exchange
4. An inventory costing method that assigns the most recent costs to ending inventory
Meter
FIFO method
common shares
perpetual inventory
5. Interest calculated on the principal plus any accumulated interest
foreclosure
compounded interest
trade discount
Antecedent
6. Used often by business management to analyze the financial position of the business.
investment
high-ratio mortgage
Ratio Analysis
Cost control
7. Discounts offered to encourage customers to pay their bills on time
sales history
cash discounts
mean
what are the two types of interest
8. Special hours of work regulations in several industries exempt or set different standards for certain employees
foreign currency exchange
standard employee hours
Average Daily Sales
define:money factor
9. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
standardized recipe
standard portion cost
term
what are the two main types of shares
10. V = e 3
mode
compounded sem-annually
Cube Volume
Proportion
11. Costs that fluctuate
Depreciation
List price
variable costs
low risk investment
12. Shows the assets - liabilities and financial position of the company
save
balance sheet
compounded sem-annually
Centi-
13. Cash + receivables/ current liabilities.
shares
Divisor
Quick Ratio
range
14. First term in a ratio.
assets
Antecedent
what are the two main types of shares
maximum
15. A number calculated from sample data
dividend
percent sign
statistic
Quick Ratio
16. More than one frequently occuring value in a group of data
perishable
Cylinder Volume
multi modal
Extremes
17. Inside numbers in a ratio.
Means
dividend
Liquidity of Assets
extention
18. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
purchase specification
conventional mortgage
physical inventory
cross-footing
19. The amount of money borrowed is between 75% - 95% of the purchase price
amortization schedule
high-ratio mortgage
Divisor
edible portion (EP) amount
20. Where info is collected for every unit of the population
average wholesale price AWP
complete enumeration survey
compounded sem-annually
what are the two types of interest
21. A measure of the number of days needed to collect accounts receivable.
Average Collection Turnover
Liter
lessor
net capitalized cost
22. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
overhead cost
liabilities
save
employee turnover
23. The variable of the percentage formula that represents 100% - or the whole thing.
prime cost
Base
employee turnover
discount
24. The price after any down-payment or trade-in
net capitalized cost
standard portion size
statistic
lessor
25. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
simple interest
average wholesale price AWP
lessor
E.O.M
26. Per day
per diem
multi modal
what are the two main types of shares
Trade Discount
27. Multiply cross products to solve (top x bottom = top x bottom)
Base
default
front-loaded
cross multiply
28. The score that falls in the middle
price earnings ratios
median
forecasting
bottom line figures
29. Percentage of the list price.
physical inventory
yield percentage
Trade Discount
Meter
30. V=lwh
mode
cross multiply
minimum
Volume Formula
31. Interest is paid once a year
average wholesale price AWP
chain discounts
Lowest common denominator
compounded annually
32. The property of having material worth (often indicated by the amount of money something would bring if sold)
coupon
Milli-
fixed costs
Cost
33. The lowest number in a group of data
chain discounts
dividend
forecasting
minimum
34. Money earned on an investment or paid on a loan
income statement
Net Price
interest
Cone Volume
35. Way to measure amount of product shrinkage during cooking/roasting process
cooking loss test
Ratio
low risk investment
variable cost
36. The person paying to borrow property for a certain amount of time for payments
lessee
assets
Ratio Analysis
overtime
37. Something that is expected to return a profit
Break Even Point
Extremes
yield percentage
investment
38. Cost associated with fixed expenses such as rent - debt service and administration.
mode
degree celsius
overhead cost
p.a.
39. A metric unit of weight equal to one thousandth of a kilogram
cross multiply
peak hours
Average Collection Turnover
Gram
40. The variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.
maximum
Rate
constant
lessee
41. A cost that rises or falls depending on how much is produced
income statement
Dividend
front-loaded
variable cost
42. A chart showing the lines of responsibility between departments of a large organization
front-loaded
real property
organization chart
sales commission
43. Time worked beyond the established working hours
Borrow
Average Daily Sales
lessor
overtime
44. Keeping budgeted costs as close as possible to actual costs.
sales tax
Net Price
Cost control
Denominator
45. A statement made about the future
Dividend
forecasting
Complement
Quick Ratio
46. Things you own
assets
liabilities
overhead cost
mean
47. The amount the property is worth at the end of the lease
amortization schedule
constant
residual value
List price
48. 1 ounce or less per guest
Break Even Point
mortgagee
standard portion size
Conversion factor
49. Two equivalent ratios joined by an equal sign.
multiplier
high-ratio mortgage
Proportion
desired yield
50. Simple and compound
mortgage
average wholesale price AWP
desired yield
what are the two types of interest
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