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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. To not spend
weighted average
preference shares
save
invoice
2. Scaling factor based on yield
invoice
average wholesale price AWP
assets
desired yield
3. One thousand grams - thousand
Kilo-
Trade Discount
statistic
production sheet
4. 0.01 - 1/100 - hundredth
Centi-
edible portion (EP) amount
coupon
Kilo-
5. When several percentages occur in successions.
interest
proportion
simple interest
Compounded
6. Share of the profits of a company
break even point
capital cost allowance
retired or amortized
dividend
7. The property of having material worth (often indicated by the amount of money something would bring if sold)
chain discounts
Compounded
Cost
multiplier
8. The price paid after the trade discount has been subtracted.
bonds
Ratio
Net Price
discount
9. The owner of the property
Base
loan
front-loaded
lessor
10. Direct materials cost plus direct labor cost.
prime cost
variable cost
constant
common shares
11. The total of units multiplied by the price
break even point
degree celsius
production sheet
extention
12. Cost of the an item/# of portions it contains.
foreign currency exchange
standard portion cost
range
lessor
13. Keeping budgeted costs as close as possible to actual costs.
Cost control
fixed costs
Cost
percentage points
14. Property other than real estate (often called a chattel mortgage)
Metric system
personal property
cover
standard employee hours
15. An item of data that has a different value at different times
variable
medium risk investment
Quick Ratio
two methods calculators use to process information
16. A statement made about the future
p.a.
Current Assets
forecasting
numerator
17. Of one hundred
identify the four helpful calculating tools
percent
maximum
sales history
18. Interest calculated on the principal plus any accumulated interest
multiplicand
compounded interest
requisition
Proportion
19.
degree celsius
Divisor
List price
cross multiply
20. Where info is collected for every unit of the population
percent sign
complete enumeration survey
operational plan
trade discount
21. Compares two numbers or quantities by using division.
extention
Gram
percentage points
Ratio
22. Used often by business management to analyze the financial position of the business.
medium risk investment
Extremes
cover
Ratio Analysis
23. Things you own
assets
peak hours
invoice
lessor
24. Interest calculated on the principle
front-loaded
Milli-
cover
simple interest
25. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
yield percentage
Cost control
average wholesale price AWP
compounded sem-annually
26. Basic unit of volume in the metric system
front-loaded
Subtotal
Liter
minimum
27. The most frequently occuring value in a group of data
income statement
mode
variable costs
standard portion cost
28. Cash + receivables/ current liabilities.
what are the three items that may have to be subracted from the gross return figure when calculating net return
Quick Ratio
compounded monthly
Cube Volume
29. Number calculated from population data
employee turnover
yield percentage
parameter
List Price
30. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
directs
requisition
standardized recipe
mean
31. Percentage of the list price.
compounded interest
Trade Discount
high-ratio mortgage
percent sign
32. When two ratios are equal
high risk investment
proportion
loan
investment
33. Per annum - yearly
yield percentage
average cover formula
deci-
p.a.
34. The score that falls in the middle
median
mean
retired or amortized
bottom line figures
35. Way to measure amount of product shrinkage during cooking/roasting process
employee turnover
data
cooking loss test
Cylinder Volume
36. The original cost of an item
retired or amortized
List price
fixed costs
dupe
37. The length of time until the debt is zero
amortization schedule
chain discounts
amortization period
employee turnover
38. 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
edible portion (EP) amount
compounded sem-annually
income statement
Conversion factor
39. A decimal figure when x by 2400 gives an approximate annual interest rate
requisition
population
define:money factor
Trade Credit
40. A decrease in price or value
real property
sales tax
chain discounts
Depreciation
41. A rate that one currency can be exchanged for another
requisition
sales tax
foreign currency exchange
Ratio Analysis
42. A cost that does not change - no matter how much of a good is produced
net capitalized cost
Fixed cost
balance sheet
multi modal
43. More than one frequently occuring value in a group of data
multi modal
Current Assets
conventional mortgage
prime cost
44. Sheet that lists all menu items that are going - to be prepared for a given date
invoice
sales tax
production sheet
parameter
45. First term in a ratio.
high risk investment
Antecedent
part
risk
46. A way of expressing a change from an original amount to a new amount without using a percentage sign.
mortgage
per diem
percentage points
Quick Ratio
47. V=lwh
Volume Formula
break even point
Conversion factor
retired or amortized
48. Manages; guides; controls; commands; tells or shows the way
directs
variable cost
mortgagee
range
49. The number of sales / number of covers
mean
Break Even Point Formula
average cover formula
fixed costs
50. Non-payment
Ratio Analysis
minimum
average cover formula
default