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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. Turning assets into cash.
Extremes
Liquidity of Assets
organization chart
Cylinder Volume
2. The amount the property is worth at the end of the lease
proportion
balance sheet
data
residual value
3. A metric unit of weight equal to one thousandth of a kilogram
Gram
Subtotal
Average Collection Turnover
balance sheet
4. The number you are dividing by
percentage points
chain discounts
Current Ratio
divisor
5. Interest is paid twice a year
compounded sem-annually
special discounts
Net Price
Divisor
6. The amount of money borrowed is between 75% - 95% of the purchase price
operational plan
break even point
perpetual inventory
high-ratio mortgage
7. The number you are multipliying by
Direct variable cost
multiplier
Fixed cost
Ratio Analysis
8. Of one hundred
E.O.M
Proportion
percent
mean
9. Scaling factor based on yield
discount
desired yield
extention
complete enumeration survey
10. The info collected from a survey and the figures generated through statistical analysis
Dividend
fixed costs
data
overhead cost
11. Liable to perish
real property
cash discounts
overhead cost
perishable
12. Interest is paid 365 times a year
purchase specification
per diem
Metric system
compounded daily
13. The owner of the property
amortization period
range
Cost
lessor
14. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
extention
dividend
price earnings ratios
employee turnover
15. The length of the loan
p.a.
stores
conventional mortgage
term
16. The new percent obtained by subtracting the change percent from 100%.
statistic
high-ratio mortgage
desired yield
Complement
17. Cash or assets that can quickly be converted into cash.
Current Assets
data
popularity index
capital cost allowance
18. Direct materials cost plus direct labor cost.
collateral
amortization period
compounded annually
prime cost
19. Special hours of work regulations in several industries exempt or set different standards for certain employees
yield percentage
Lowest common denominator
List Price
standard employee hours
20. Interest calculated on the principle
variable cost
simple interest
dupe
term
21. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
bottom line figures
fixed costs
minimum
purchase specification
22. The score that falls in the middle
sample
List Price
median
Ratio
23. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
semi variable cost
chain discounts
on sale
multiplicand
24. Second term in a ratio.
Consequent
sample
lessee
on sale
25. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
Divisor
assets
on sale
physical inventory
26. The original cost of an item
p.a.
lessee
List price
Liquidity of Assets
27. Where info is collected for every unit of the population
residual value
discount
complete enumeration survey
perishable
28. V = e 3
assets
Cube Volume
investment
identify the four helpful calculating tools
29. Sheet that lists all menu items that are going - to be prepared for a given date
overtime
production sheet
Average Daily Sales
employee turnover
30. The difference between the highest and lowest numbers in a set of data
minimum
lessor
Cost
range
31. The price paid after the trade discount has been subtracted.
Volume Formula
Net Price
compounded annually
Compounded
32. A number to be divided by another number
edible portion (EP) amount
Dividend
Ratio
discount
33. The amount of money borrowed is less than 75% of the purchase price
conventional mortgage
invoice
average wholesale price AWP
what are the two types of interest
34. Interest is paid four times a year
variable
compounded quarterly
capital cost allowance
p.a.
35. 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.
high-ratio mortgage
Cost control
preference shares
Rate
36. A series of discounts
chain discounts
Percent
standard portion cost
Dividend
37. Multiply cross products to solve (top x bottom = top x bottom)
Dividend
multi modal
lessee
cross multiply
38. Total amount before another amount is added or subtracted
Milli-
Subtotal
standardized recipe
coupon
39. Outside numbers in a ratio.
multiplier
percent sign
amortization period
Extremes
40. Electronic - portable (pocket) - computer - spreadsheets
standard portion size
standard employee hours
average wholesale price AWP
identify the four helpful calculating tools
41. The variable of the percentage formula that represents a part of the base.
Break Even Point Formula
part
standard portion size
desired yield
42. Money given to someone on condition the person will return the money and interest by a specific date
mean
loan
variable costs
per diem
43. A loan
Quick Ratio
Kilo-
mortgage
standard portion cost
44. The number of sales / number of covers
identify the four helpful calculating tools
average cover formula
compounded interest
Antecedent
45. A number calculated from sample data
dividend
Break Even Point Formula
weighted average
statistic
46. Simple and compound
what are the two types of interest
percentage points
chain discounts
median
47. 0.01 - 1/100 - hundredth
Direct variable cost
Metric system
Inventory Turnover
Centi-
48. A cost that does not change - no matter how much of a good is produced
Fixed cost
special discounts
compounded quarterly
lessor
49. A complete set of individuals - objects or scores being studied
proportion
loan
chain discounts
population
50. The highest number in a group of data
deci-
discount
sales commission
maximum