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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. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
fractions
Average Collection Turnover
overhead cost
semi variable cost
2. 0.01 - 1/100 - hundredth
Centi-
multi modal
Denominator
Means
3. Identifies short-term activities to implement strategic plans
multi modal
sample
proportion
operational plan
4. An inventory costing method that assigns the most recent costs to ending inventory
FIFO method
p.a.
Lowest common denominator
mean
5. The number to be divided by
Meter
production sheet
dividend
semi variable cost
6. The number of sales / number of covers
cover
average cover formula
Subtotal
sample
7. A metric unit of weight equal to one thousandth of a kilogram
amortization schedule
mortgagor
Gram
Liquidity of Assets
8. Thousandth
investment
Milli-
perpetual inventory
break even point
9. Loans to companies or goverments (no voting rights)
Extremes
chain discounts
what are the two main types of shares
bonds
10. Of one hundred
percent
bottom line figures
constant
what are the two types of interest
11. Compares two numbers or quantities by using division.
deci-
amortization schedule
perpetual inventory
Ratio
12. Interest is paid four times a year
Dividend
compounded quarterly
Liquidity of Assets
sales history
13. Interest is paid twelve times a year
amortization period
average cover formula
compounded monthly
prime cost
14. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
yield percentage
Subtotal
per diem
conventional mortgage
15. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
percent sign
discount
sales history
mode
16. Scaling factor based on yield
standardized recipe
desired yield
retired or amortized
cash flow
17. Interest is paid twice a year
liabilities
standardized recipe
compounded sem-annually
Fixed cost
18. V = 1/3 pir2h
simple interest
Cone Volume
Depreciation
standard employee hours
19. A loan
Cost
mortgage
Ratio Analysis
assets
20. A paper that entitles the holder to a discount on a particular item
Volume Formula
interest
lease
coupon
21. Current assets/ current liabilities
Percent
Current Ratio
residual value
Complement
22. # of servings of an item / total number of servings of all items in that category each day
on sale
what are the three items that may have to be subracted from the gross return figure when calculating net return
Depreciation
popularity index
23. Turning assets into cash.
Conversion factor
compounded annually
trade discount
Liquidity of Assets
24. The interest amount is small - but you are guaranteed to get something
fixed costs
low risk investment
Base
Percent
25. Interest is paid once a year
compounded annually
invoice
cash discounts
Means
26. First term in a ratio.
Net Price
Antecedent
fractions
bonds
27. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
multi modal
average wholesale price AWP
lessor
Average Collection Turnover
28. Real estate (houses - condos - warehouses - factories - etc)
standard portion cost
amortization period
multiplicand
real property
29. The point where income and expenses intersect (no loss or profit)
default
complete enumeration survey
break even point
Percent
30. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units
net capitalized cost
fixed costs
Conversion factor
Rate
31. A way of expressing a change from an original amount to a new amount without using a percentage sign.
percentage points
balance sheet
Antecedent
lessee
32. Sheet that lists all menu items that are going - to be prepared for a given date
production sheet
amortization period
minimum
Divisor
33. Get temporarily
what are the two main types of shares
Borrow
prime cost
weighted average
34. Interest is paid 365 times a year
fractions
Dividend
compounded daily
statistic
35. A statement made about the future
sales history
forecasting
Trade Discount
p.a.
36. The number you are multipliying by
Subtotal
production sheet
multiplier
degree celsius
37.
residual value
sales tax
degree celsius
invoice
38. The length of the loan
lessee
term
percentage points
cooking loss test
39. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
compounded daily
purchase specification
degree celsius
overhead cost
40. Discounts offered to encourage customers to pay their bills on time
sales tax
cash discounts
standard portion cost
Consequent
41. When two ratios are equal
income statement
proportion
Ratio Analysis
Average Collection Turnover
42. Interest calculated on the principle
simple interest
ratio
conventional mortgage
foreclosure
43. A rate that one currency can be exchanged for another
foreign currency exchange
invoice
lessee
data
44. A percentage discount for buyers associated with the products being sold
trade discount
sample
median
term
45. Cash or assets that can quickly be converted into cash.
standard portion size
data
organization chart
Current Assets
46. A cost that rises or falls depending on how much is produced
variable cost
Subtotal
prime cost
save
47. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
employee turnover
dupe
Average Collection Turnover
Volume Formula
48. The score that falls in the middle
sales commission
median
Net Price
forecasting
49. Cost associated with fixed expenses such as rent - debt service and administration.
sensitivity analysis
percentage points
overhead cost
special discounts
50. A chart that shows the balance of the mortgage after each amortization period
Percent
amortization schedule
what are the two types of interest
two methods calculators use to process information
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