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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. Interest is paid 365 times a year
degree celsius
variable cost
compounded daily
Percent
2. You may get a large return or get nothing
part
high risk investment
operational plan
define:money factor
3. The point where income and expenses intersect (no loss or profit)
default
average wholesale price AWP
Cost control
break even point
4. The number you are multipliying by
compounded monthly
save
real property
multiplier
5. V = e 3
Cube Volume
FIFO method
liabilities
overtime
6. A person who is tricked or swindled
percent
dupe
coupon
Cost control
7. Allows you to buy merchandise from a supplier and pay at a later - specified date.
income statement
investment
Trade Credit
List price
8. The lender
mortgagee
data
maximum
requisition
9. Loans to companies or goverments (no voting rights)
bonds
medium risk investment
variable
Lowest common denominator
10. A statement made about the future
low risk investment
forecasting
Denominator
cash discounts
11. Non-payment
default
retired or amortized
mortgagee
Break Even Point Formula
12. The point at which you stop losing money.
compounded sem-annually
p.a.
assets
Break Even Point
13. Used often by business management to analyze the financial position of the business.
foreign currency exchange
Ratio Analysis
nonperishable
fractions
14. Interest is paid twelve times a year
compounded monthly
save
Borrow
semi variable cost
15. The interest amount is small - but you are guaranteed to get something
compounded quarterly
Complement
organization chart
low risk investment
16. The length of time until the debt is zero
price earnings ratios
amortization period
Ratio Analysis
mean
17. The new percent obtained by subtracting the change percent from 100%.
shares
perishable
Complement
requisition
18. The info collected from a survey and the figures generated through statistical analysis
overhead cost
data
proportion
complete enumeration survey
19. A complete set of individuals - objects or scores being studied
population
minimum
Cube Volume
desired yield
20. Security for a loan
real property
collateral
Net Price
dupe
21. Direct materials cost plus direct labor cost.
peak hours
Liquidity of Assets
prime cost
variable cost
22. An item of data that has a different value at different times
variable
residual value
price earnings ratios
sales commission
23. A chart showing the lines of responsibility between departments of a large organization
popularity index
organization chart
Borrow
minimum
24. First term in a ratio.
compounded annually
Average Collection Turnover
Antecedent
mode
25. N. items or materials needed for something such as a business - expedition - or vessel
medium risk investment
stores
Gram
standard portion cost
26. A comparison of two numbers
what are the two types of interest
average wholesale price AWP
ratio
Meter
27. The lowest number in a group of data
compounded sem-annually
Milli-
minimum
dupe
28. The variable of the percentage formula that represents a part of the base.
what are the two types of interest
part
residual value
compounded annually
29. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
sales tax
cover
purchase specification
minimum
30. A decimal figure when x by 2400 gives an approximate annual interest rate
Borrow
default
define:money factor
parameter
31. Outside numbers in a ratio.
cooking loss test
invoice
Extremes
stores
32. Number calculated from population data
interest
save
on sale
parameter
33. The owner of the property
net capitalized cost
lessor
operational plan
Complement
34. Inside numbers in a ratio.
Means
complete enumeration survey
Subtotal
Cost
35. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
save
retired or amortized
average wholesale price AWP
Cylinder Volume
36. Will not decay or rot
nonperishable
coupon
real property
income statement
37. Things you own
divisor
assets
mortgagor
Liter
38. Electronic - portable (pocket) - computer - spreadsheets
capital cost allowance
identify the four helpful calculating tools
compounded quarterly
high-ratio mortgage
39. The total of units multiplied by the price
high risk investment
Ratio
extention
preference shares
40. Basic unit of volume in the metric system
Liter
coupon
conventional mortgage
perpetual inventory
41. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
Complement
operational plan
standardized recipe
foreign currency exchange
42. Way to measure amount of product shrinkage during cooking/roasting process
peak hours
cooking loss test
Consequent
sample
43. Liable to perish
standardized recipe
break even point
maximum
perishable
44. The highest number in a group of data
variable
part
high risk investment
maximum
45. The amount of money borrowed is between 75% - 95% of the purchase price
compounded annually
Ratio Analysis
high-ratio mortgage
cross-footing
46. A number calculated from sample data
forecasting
mortgagor
statistic
high-ratio mortgage
47. End of month.
purchase specification
nonperishable
Denominator
E.O.M
48. A measure of the number of days needed to collect accounts receivable.
dividend
cover
compounded quarterly
Average Collection Turnover
49. Amounts of money you owe
liabilities
extention
Liquidity of Assets
lessor
50. Cash + receivables/ current liabilities.
Quick Ratio
p.a.
assets
sales history