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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. The length of time until the debt is zero
amortization period
List price
chain discounts
requisition
2. An item of data that has a different value at different times
variable
Denominator
Cost control
Net Price
3. A bill
Current Assets
mode
invoice
what are the three items that may have to be subracted from the gross return figure when calculating net return
4. A decimal figure when x by 2400 gives an approximate annual interest rate
define:money factor
physical inventory
Cost control
multiplier
5. Current assets/ current liabilities
yield percentage
Complement
Dividend
Current Ratio
6. Real estate (houses - condos - warehouses - factories - etc)
per diem
real property
List price
range
7. To take away from the original cost of something
dividend
discount
balance sheet
Quick Ratio
8. The new percent obtained by subtracting the change percent from 100%.
lease
sample
purchase specification
Complement
9. Indicators of the confidence investors have in a company (the higher the better)
standardized recipe
Subtotal
purchase specification
price earnings ratios
10. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
deci-
Fixed cost
yield percentage
11. (simple average) adding the group of items and dividing by the total number of items
mortgage
Divisor
Ratio Analysis
mean
12. Two equivalent ratios joined by an equal sign.
Proportion
trade discount
operational plan
dupe
13. Thousandth
Percent
operational plan
Milli-
cross multiply
14. Total fixed costs/ selling price-variable cost
Current Ratio
Fixed cost
lease
Break Even Point Formula
15. Special hours of work regulations in several industries exempt or set different standards for certain employees
special discounts
employee turnover
standard employee hours
compounded annually
16. The number you are multipliying by
sensitivity analysis
data
multiplier
organization chart
17. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
constant
percent sign
production sheet
on sale
18. The price paid after the trade discount has been subtracted.
Proportion
cross multiply
retired or amortized
Net Price
19. Tenth - .1
fixed costs
degree celsius
Quick Ratio
deci-
20. Multiply cross products to solve (top x bottom = top x bottom)
Depreciation
cross multiply
median
Dividend
21. Compares two numbers or quantities by using division.
trade discount
peak hours
variable cost
Ratio
22. The smallest number - other than zero - that can be the denominator for two or more common fractions
average cover formula
Lowest common denominator
compounded monthly
cover
23. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
save
population
Quick Ratio
employee turnover
24. Algebraic - arithmetic
Milli-
two methods calculators use to process information
Cone Volume
data
25. The divisor of a fraction
sensitivity analysis
on sale
discount
Denominator
26. A percentage discount for buyers associated with the products being sold
trade discount
simple interest
extention
degree celsius
27. The amount of money borrowed is between 75% - 95% of the purchase price
complete enumeration survey
high-ratio mortgage
numerator
yield percentage
28. Manages; guides; controls; commands; tells or shows the way
maximum
directs
nonperishable
desired yield
29. Loans to companies or goverments (no voting rights)
population
balance sheet
Kilo-
bonds
30. A person who is tricked or swindled
standardized recipe
Cost
Trade Credit
dupe
31. When an item is discounted or less than the original price
stores
Means
on sale
maximum
32. Sheet that lists all menu items that are going - to be prepared for a given date
data
production sheet
Kilo-
invoice
33. Identifies short-term activities to implement strategic plans
operational plan
low risk investment
Current Ratio
mortgage
34. The length of the loan
high-ratio mortgage
Volume Formula
term
high risk investment
35. V=lwh
Conversion factor
Volume Formula
production sheet
loan
36. A way of expressing a change from an original amount to a new amount without using a percentage sign.
Cube Volume
Quick Ratio
compounded sem-annually
percentage points
37. The amount that can actually be eaten - after trimming and cooking
lessor
fixed costs
edible portion (EP) amount
Cost
38. More than one frequently occuring value in a group of data
semi variable cost
peak hours
multi modal
perpetual inventory
39. Electronic - portable (pocket) - computer - spreadsheets
identify the four helpful calculating tools
perpetual inventory
compounded sem-annually
desired yield
40. The variable of the percentage formula that represents 100% - or the whole thing.
population
Base
semi variable cost
parameter
41. Inside numbers in a ratio.
assets
Rate
Means
divisor
42. The most frequently occuring value in a group of data
bottom line figures
mode
variable cost
Break Even Point
43. The number to be divided by
fixed costs
Inventory Turnover
dividend
front-loaded
44.
average cover formula
degree celsius
Quick Ratio
define:money factor
45. Parts of a whole number
stores
cover
fractions
Antecedent
46. A number to be divided by another number
low risk investment
organization chart
mortgagor
Dividend
47. A percentage discount to customers
mortgagee
percentage points
Conversion factor
special discounts
48. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
perpetual inventory
per diem
risk
Centi-
49. The lender
retired or amortized
common shares
mortgagee
front-loaded
50. First term in a ratio.
fixed costs
preference shares
Antecedent
Denominator
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