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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. You may get a large return or get nothing
variable cost
high risk investment
compounded annually
Consequent
2. Number calculated from population data
chain discounts
parameter
Ratio Analysis
high risk investment
3. Be sufficient to meet - defray - or offset the charge or cost of
Meter
cover
percentage points
cash discounts
4. A decimal figure when x by 2400 gives an approximate annual interest rate
conventional mortgage
cover
Compounded
define:money factor
5. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
special discounts
deci-
employee turnover
compounded annually
6. Share of the profits of a company
dividend
prime cost
E.O.M
Cube Volume
7. A statement made about the future
forecasting
Borrow
median
part
8. Cash or assets that can quickly be converted into cash.
standard portion size
low risk investment
Current Assets
front-loaded
9. Interest is paid four times a year
compounded quarterly
Borrow
mode
define:money factor
10. The smallest number - other than zero - that can be the denominator for two or more common fractions
save
List price
Lowest common denominator
identify the four helpful calculating tools
11. Paid dividends after the preference shares have been paid
chain discounts
Liter
mortgagor
common shares
12. Keeping budgeted costs as close as possible to actual costs.
semi variable cost
Cost control
multi modal
overtime
13. The new percent obtained by subtracting the change percent from 100%.
yield percentage
forecasting
variable cost
Complement
14. The length of time until the debt is zero
Compounded
amortization period
cross multiply
Average Collection Turnover
15. Parts of a whole number
Average Daily Sales
weighted average
fractions
dupe
16. Provide a specific dividend that is paid before any dividends are paid to common stock holders
what are the three items that may have to be subracted from the gross return figure when calculating net return
invoice
compounded annually
preference shares
17. 3am or 4am when most people are in a deep sleep.
coupon
peak hours
Break Even Point Formula
minimum
18. A complete set of individuals - objects or scores being studied
forecasting
population
Cone Volume
term
19. To take away from the original cost of something
discount
Cone Volume
List Price
production sheet
20. The first number
List price
cross-footing
multiplicand
percentage points
21. End of month.
E.O.M
edible portion (EP) amount
Conversion factor
trade discount
22. One thousand grams - thousand
Kilo-
preference shares
what are the two main types of shares
compounded daily
23. The number to be divided by
maximum
Borrow
mean
dividend
24. A way of expressing a change from an original amount to a new amount without using a percentage sign.
foreign currency exchange
Centi-
percentage points
variable
25. The number by which a dividend is divided
Divisor
standardized recipe
shares
Complement
26. The lender
yield percentage
mortgage
special discounts
mortgagee
27. Two equivalent ratios joined by an equal sign.
cash flow
compounded monthly
Proportion
standard employee hours
28. Preference and common
FIFO method
Meter
what are the two main types of shares
Centi-
29. The money paid to an employee based on a percentage of their sales
multiplier
sales commission
Trade Credit
Meter
30. A comparison of two numbers
weighted average
standard portion size
population
ratio
31. The price paid after the trade discount has been subtracted.
income statement
Net Price
simple interest
bonds
32. Percentage of the list price.
p.a.
Trade Discount
Meter
sales history
33. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
Percent
cross multiply
proportion
List price
34. An itemized statement of money owed for goods shipped or services rendered
Depreciation
invoice
fixed costs
Ratio Analysis
35. The price after any down-payment or trade-in
net capitalized cost
variable cost
cash discounts
on sale
36. Scaling factor based on yield
Means
desired yield
foreclosure
mean
37. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
Means
average wholesale price AWP
employee turnover
production sheet
38. A decrease in price or value
constant
Depreciation
Liquidity of Assets
save
39. A number calculated from sample data
statistic
divisor
requisition
employee turnover
40. First term in a ratio.
Average Daily Sales
maximum
loan
Antecedent
41. Current assets/ current liabilities
mean
lease
Current Ratio
identify the four helpful calculating tools
42. Multiply cross products to solve (top x bottom = top x bottom)
medium risk investment
conventional mortgage
cover
cross multiply
43. The amount of money borrowed is less than 75% of the purchase price
operational plan
chain discounts
Cone Volume
conventional mortgage
44.
Ratio Analysis
compounded quarterly
degree celsius
production sheet
45. Part ownership in a company
per diem
price earnings ratios
shares
dividend
46. A percentage discount to customers
sensitivity analysis
cross multiply
special discounts
Kilo-
47. The amount that can actually be eaten - after trimming and cooking
save
edible portion (EP) amount
Average Collection Turnover
conventional mortgage
48. A percentage discount for buyers associated with the products being sold
trade discount
dividend
degree celsius
Kilo-
49. A chart showing the lines of responsibility between departments of a large organization
Conversion factor
organization chart
preference shares
percent sign
50. Deciding if its worth the risk
Gram
Lowest common denominator
special discounts
sensitivity analysis