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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 the loan
employee turnover
cover
term
dupe
2. Parts of a whole number
minimum
shares
fractions
directs
3. Paid in full
cash flow
fractions
standard portion cost
retired or amortized
4. When two ratios are equal
proportion
edible portion (EP) amount
Inventory Turnover
range
5. Number calculated from population data
compounded quarterly
part
physical inventory
parameter
6. The new percent obtained by subtracting the change percent from 100%.
cash flow
chain discounts
Complement
percent sign
7. A contract giving someone the right to use something for a certain length of time
lease
purchase specification
popularity index
Cylinder Volume
8. You may get a large return or get nothing
variable cost
low risk investment
high risk investment
List price
9. Per annum - yearly
Fixed cost
numerator
p.a.
term
10. Cost of the an item/# of portions it contains.
Lowest common denominator
forecasting
standard portion cost
Rate
11. The original cost of an item
List price
sales commission
cash flow
collateral
12. A series of discounts
extention
operational plan
degree celsius
chain discounts
13. More than one frequently occuring value in a group of data
minimum
perishable
multi modal
two methods calculators use to process information
14. Interest is paid once a year
standard portion size
Means
compounded annually
parameter
15. The price paid after the trade discount has been subtracted.
semi variable cost
Net Price
edible portion (EP) amount
compounded annually
16. The lowest number in a group of data
minimum
Cylinder Volume
assets
balance sheet
17. Time worked beyond the established working hours
amortization period
employee turnover
overtime
Cost control
18. A chart that shows the balance of the mortgage after each amortization period
amortization period
amortization schedule
Current Assets
balance sheet
19. Be sufficient to meet - defray - or offset the charge or cost of
divisor
variable cost
sensitivity analysis
cover
20. Part ownership in a company
personal property
coupon
stores
shares
21. The unexpected variablility of returns
risk
compounded monthly
perishable
balance sheet
22. A decimal figure when x by 2400 gives an approximate annual interest rate
define:money factor
sensitivity analysis
peak hours
investment
23. Cash or assets that can quickly be converted into cash.
sales commission
front-loaded
variable cost
Current Assets
24. Allows you to buy merchandise from a supplier and pay at a later - specified date.
Average Collection Turnover
simple interest
Trade Credit
forecasting
25. Money given to someone on condition the person will return the money and interest by a specific date
Average Collection Turnover
desired yield
semi variable cost
loan
26. Discounts offered to encourage customers to pay their bills on time
nonperishable
deci-
Subtotal
cash discounts
27. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
divisor
average wholesale price AWP
Antecedent
median
28. Used when the each piece of data has more than one component
dividend
standard portion size
weighted average
purchase specification
29. (simple average) adding the group of items and dividing by the total number of items
Trade Discount
liabilities
compounded interest
mean
30. An item of data that has a different value at different times
variable
Volume Formula
variable cost
Quick Ratio
31. The point at which you stop losing money.
Break Even Point
capital cost allowance
multiplier
employee turnover
32. The owner of the property
cross multiply
lessor
Proportion
median
33. Tenth - .1
deci-
sales commission
conventional mortgage
sample
34. The money paid to an employee based on a percentage of their sales
sales commission
liabilities
lessor
Average Daily Sales
35. The interest amount is small - but you are guaranteed to get something
Liter
Base
low risk investment
degree celsius
36. 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
degree celsius
requisition
Conversion factor
Ratio Analysis
37. The variable of the percentage formula that represents a part of the base.
part
Trade Credit
dupe
degree celsius
38. Indicators of the confidence investors have in a company (the higher the better)
price earnings ratios
Cone Volume
E.O.M
multiplier
39. 3am or 4am when most people are in a deep sleep.
Volume Formula
what are the three items that may have to be subracted from the gross return figure when calculating net return
peak hours
sales history
40. Where info is collected for every unit of the population
complete enumeration survey
lease
multiplicand
high-ratio mortgage
41. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
Antecedent
prime cost
employee turnover
p.a.
42. The price after any down-payment or trade-in
Average Daily Sales
net capitalized cost
amortization schedule
cover
43. Per day
cooking loss test
net capitalized cost
sales tax
per diem
44. Costs that remain constant
fixed costs
complete enumeration survey
fractions
standardized recipe
45.
Milli-
data
degree celsius
high risk investment
46. N. items or materials needed for something such as a business - expedition - or vessel
dupe
variable costs
yield percentage
stores
47. The part of a fraction above the line - which tells how many parts are being counted.
Compounded
standard employee hours
numerator
lessee
48. Interest is paid twelve times a year
Volume Formula
foreclosure
compounded monthly
average cover formula
49. Interest is paid four times a year
income statement
compounded quarterly
sample
mortgagee
50. Percentage of the list price.
compounded annually
Trade Discount
Percent
Current Assets