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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. Real estate (houses - condos - warehouses - factories - etc)
real property
bonds
cooking loss test
directs
2. Direct materials cost plus direct labor cost.
prime cost
Average Collection Turnover
Complement
organization chart
3. Identifies short-term activities to implement strategic plans
perpetual inventory
discount
real property
operational plan
4. Outside numbers in a ratio.
Extremes
sales history
sensitivity analysis
ratio
5. Money given to someone on condition the person will return the money and interest by a specific date
Gram
income statement
loan
Centi-
6. Used when the each piece of data has more than one component
weighted average
fixed costs
compounded monthly
Average Daily Sales
7. End of month.
E.O.M
nonperishable
edible portion (EP) amount
Cost
8. Of one hundred
sales history
compounded sem-annually
percent
income statement
9. An inventory costing method that assigns the most recent costs to ending inventory
compounded daily
sample
Means
FIFO method
10. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
Liter
conventional mortgage
dupe
Meter
11. A series of discounts
chain discounts
identify the four helpful calculating tools
statistic
break even point
12. Algebraic - arithmetic
Gram
lease
List price
two methods calculators use to process information
13. Total annual sales/365
Depreciation
Average Daily Sales
data
chain discounts
14. Amounts of money you owe
Average Collection Turnover
mortgage
income statement
liabilities
15. Special hours of work regulations in several industries exempt or set different standards for certain employees
Consequent
lessor
standard employee hours
Liquidity of Assets
16. Will not decay or rot
nonperishable
median
chain discounts
sales history
17. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
Base
assets
Current Ratio
percent sign
18. Paid dividends after the preference shares have been paid
compounded annually
default
Average Collection Turnover
common shares
19. Adding columns of figures horizontally and vertically to check that the totals agree
variable
requisition
cross-footing
capital cost allowance
20. A number to be divided by another number
bonds
Current Ratio
Dividend
multiplier
21. Thousandth
Milli-
Average Collection Turnover
variable cost
mode
22. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
standardized recipe
directs
term
extention
23. The final figures
risk
percent sign
weighted average
bottom line figures
24. 1 ounce or less per guest
net capitalized cost
standard employee hours
numerator
standard portion size
25. A person who is tricked or swindled
prime cost
invoice
standard portion cost
dupe
26. Share of the profits of a company
compounded daily
Break Even Point Formula
dividend
range
27. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
residual value
dividend
requisition
popularity index
28. First term in a ratio.
average cover formula
Percent
Break Even Point
Antecedent
29. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
invoice
yield percentage
Rate
bottom line figures
30. The original cost of an item
constant
Trade Credit
List price
organization chart
31. Used often by business management to analyze the financial position of the business.
divisor
Ratio Analysis
Conversion factor
what are the two main types of shares
32. When an item is discounted or less than the original price
cross multiply
overtime
low risk investment
on sale
33. To not spend
save
Proportion
Divisor
Current Assets
34. The person paying to borrow property for a certain amount of time for payments
mean
lessee
Ratio Analysis
Liter
35. Total amount before another amount is added or subtracted
Subtotal
Liter
fixed costs
operational plan
36. Shows the assets - liabilities and financial position of the company
complete enumeration survey
balance sheet
requisition
bottom line figures
37. Way to measure amount of product shrinkage during cooking/roasting process
standardized recipe
Inventory Turnover
multiplier
cooking loss test
38. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
purchase specification
compounded quarterly
part
FIFO method
39. The first number
edible portion (EP) amount
dividend
multiplicand
forecasting
40. One thousand grams - thousand
Average Collection Turnover
extention
Kilo-
variable cost
41. The highest number in a group of data
two methods calculators use to process information
Liter
maximum
trade discount
42. Preference and common
dividend
Volume Formula
cooking loss test
what are the two main types of shares
43. Per day
mean
per diem
define:money factor
Liquidity of Assets
44. Where info is collected for every unit of the population
variable cost
peak hours
Antecedent
complete enumeration survey
45. Per annum - yearly
save
collateral
popularity index
p.a.
46. Get temporarily
Borrow
E.O.M
net capitalized cost
Means
47. Suggested Retail Price
standardized recipe
List Price
Divisor
coupon
48. The process of repossessing and selling the real or personal property when the borrower has defaulted
dupe
foreclosure
Conversion factor
preference shares
49. A measure of how many times the value of the inventory is sold in one year.
population
Inventory Turnover
compounded interest
two methods calculators use to process information
50. Investing in a well-established company
multi modal
compounded monthly
special discounts
medium risk investment
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