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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 symbol - % - used to represent percents. For example - 1 percent would be written 1%.
minimum
liabilities
percent sign
compounded daily
2. Provide a specific dividend that is paid before any dividends are paid to common stock holders
front-loaded
preference shares
mode
sales commission
3. Algebraic - arithmetic
operational plan
statistic
Subtotal
two methods calculators use to process information
4. Money given to someone on condition the person will return the money and interest by a specific date
personal property
mode
Rate
loan
5. Where info is collected for every unit of the population
complete enumeration survey
personal property
per diem
liabilities
6. A chart that shows the balance of the mortgage after each amortization period
two methods calculators use to process information
amortization schedule
requisition
List Price
7. The total of units multiplied by the price
extention
population
default
price earnings ratios
8. Money charged by the government and added to the original price of an item
multiplier
Antecedent
sales tax
Trade Discount
9. Number calculated from population data
mortgage
real property
parameter
lessee
10. Paid in full
retired or amortized
sensitivity analysis
Trade Credit
residual value
11. The money paid to an employee based on a percentage of their sales
mortgagee
yield percentage
Compounded
sales commission
12. Real estate (houses - condos - warehouses - factories - etc)
real property
nonperishable
List Price
standard portion size
13. Indicators of the confidence investors have in a company (the higher the better)
price earnings ratios
simple interest
Depreciation
statistic
14. The depreciation of an asset as an expense
capital cost allowance
Consequent
multiplicand
collateral
15. 1 ounce or less per guest
compounded monthly
Subtotal
per diem
standard portion size
16. Systematic recording of all sales achieved during a predetermined time period
dupe
sales history
two methods calculators use to process information
average wholesale price AWP
17. Share of the profits of a company
overhead cost
requisition
sales history
dividend
18. Property other than real estate (often called a chattel mortgage)
personal property
Ratio Analysis
Milli-
compounded daily
19. The variable of the percentage formula that represents 100% - or the whole thing.
Base
Milli-
preference shares
lessee
20. The lender
mortgagor
what are the three items that may have to be subracted from the gross return figure when calculating net return
liabilities
mortgagee
21. A series of discounts
chain discounts
compounded daily
requisition
common shares
22. Interest is paid four times a year
variable costs
Ratio Analysis
Compounded
compounded quarterly
23. Per day
per diem
lease
Current Assets
List price
24. The point where income and expenses intersect (no loss or profit)
investment
dupe
two methods calculators use to process information
break even point
25. The info collected from a survey and the figures generated through statistical analysis
Current Assets
dividend
assets
data
26. To not spend
requisition
Liquidity of Assets
save
Net Price
27. Cash or assets that can quickly be converted into cash.
Subtotal
requisition
Current Assets
what are the three items that may have to be subracted from the gross return figure when calculating net return
28. Direct materials cost plus direct labor cost.
proportion
prime cost
percentage points
assets
29. Commission fee - inflation rate - capital gains tax
liabilities
interest
term
what are the three items that may have to be subracted from the gross return figure when calculating net return
30. Two equivalent ratios joined by an equal sign.
mortgage
Proportion
variable costs
on sale
31. Percentage of the list price.
divisor
assets
Trade Discount
residual value
32. A decimal system of weights and measures based on the meter and the kilogram and the second
coupon
proportion
Metric system
Fixed cost
33. A cost that rises or falls depending on how much is produced
investment
sales history
extention
variable cost
34. Sheet that lists all menu items that are going - to be prepared for a given date
high-ratio mortgage
production sheet
cross-footing
on sale
35. A way of expressing a change from an original amount to a new amount without using a percentage sign.
price earnings ratios
percentage points
List Price
p.a.
36. An item of data the stays the same
Dividend
List price
trade discount
constant
37. Be sufficient to meet - defray - or offset the charge or cost of
invoice
sales tax
cover
break even point
38. The final figures
proportion
sample
bottom line figures
Metric system
39. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
average wholesale price AWP
assets
part
fixed costs
40. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
lessee
yield percentage
extention
constant
41. Interest is paid twice a year
compounded sem-annually
Average Collection Turnover
numerator
save
42. 0.01 - 1/100 - hundredth
Trade Discount
yield percentage
multiplier
Centi-
43. V = e 3
Trade Discount
bottom line figures
numerator
Cube Volume
44. The property of having material worth (often indicated by the amount of money something would bring if sold)
Cost
Kilo-
peak hours
low risk investment
45. Loans to companies or goverments (no voting rights)
extention
organization chart
high risk investment
bonds
46. A paper that entitles the holder to a discount on a particular item
compounded sem-annually
overtime
variable costs
coupon
47. Way to measure amount of product shrinkage during cooking/roasting process
Conversion factor
prime cost
part
cooking loss test
48.
Conversion factor
forecasting
compounded interest
degree celsius
49. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
variable
Direct variable cost
average cover formula
investment
50. Things you own
Ratio
assets
Break Even Point Formula
extention