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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 national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
Compounded
average wholesale price AWP
Quick Ratio
Break Even Point
2. An item of data that has a different value at different times
on sale
Net Price
variable
weighted average
3. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
multiplier
Break Even Point
percentage points
Meter
4. Interest calculated on the principle
compounded quarterly
define:money factor
simple interest
front-loaded
5. Non-payment
median
default
coupon
Means
6. # of servings of an item / total number of servings of all items in that category each day
personal property
popularity index
Extremes
coupon
7. The highest number in a group of data
maximum
Inventory Turnover
List price
yield percentage
8. Things you own
assets
Average Collection Turnover
Subtotal
sample
9. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
constant
extention
percent sign
balance sheet
10. The point where income and expenses intersect (no loss or profit)
deci-
break even point
overhead cost
Volume Formula
11. A cost that rises or falls depending on how much is produced
variable cost
prime cost
cooking loss test
compounded quarterly
12. End of month.
E.O.M
two methods calculators use to process information
investment
Trade Credit
13. The majority of the early payments go toward paying the interest on the loan
what are the two main types of shares
front-loaded
Extremes
data
14. A number to be divided by another number
invoice
data
prime cost
Dividend
15. A statement made about the future
prime cost
forecasting
median
variable cost
16. Interest is paid four times a year
minimum
compounded quarterly
medium risk investment
Conversion factor
17. The number you are dividing by
FIFO method
term
trade discount
divisor
18. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
break even point
purchase specification
default
net capitalized cost
19. The first number
lessee
medium risk investment
multiplicand
chain discounts
20. Electronic - portable (pocket) - computer - spreadsheets
fixed costs
Lowest common denominator
identify the four helpful calculating tools
capital cost allowance
21. V = e 3
fixed costs
overhead cost
Cube Volume
yield percentage
22. Interest calculated on the principal plus any accumulated interest
compounded interest
bonds
maximum
Fixed cost
23. Basic unit of volume in the metric system
percent
coupon
Liter
balance sheet
24. The process of repossessing and selling the real or personal property when the borrower has defaulted
foreclosure
maximum
two methods calculators use to process information
Denominator
25. A percentage discount for buyers associated with the products being sold
capital cost allowance
standardized recipe
divisor
trade discount
26. Turning assets into cash.
Liquidity of Assets
multi modal
price earnings ratios
Cost
27. Something that is expected to return a profit
high-ratio mortgage
investment
multiplier
forecasting
28. More than one frequently occuring value in a group of data
Antecedent
assets
multiplicand
multi modal
29. The person paying to borrow property for a certain amount of time for payments
Conversion factor
peak hours
variable costs
lessee
30. Current assets/ current liabilities
personal property
Cone Volume
Current Ratio
Percent
31. The point at which you stop losing money.
Break Even Point
semi variable cost
conventional mortgage
fixed costs
32. Second term in a ratio.
Depreciation
on sale
Consequent
Current Assets
33. Per day
percentage points
per diem
risk
sample
34. Costs that remain constant
Compounded
Cost
purchase specification
fixed costs
35. Security for a loan
statistic
on sale
collateral
bonds
36. You may get a large return or get nothing
high risk investment
FIFO method
Ratio Analysis
Denominator
37. One thousand grams - thousand
compounded sem-annually
mortgage
Average Daily Sales
Kilo-
38. The amount the property is worth at the end of the lease
default
residual value
special discounts
standard portion cost
39. The borrower
perishable
sales tax
mortgagor
Ratio
40. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
Means
preference shares
special discounts
requisition
41. Of one hundred
percent
cover
Average Collection Turnover
sales history
42. Accounts receivable/ average daily sales
conventional mortgage
Divisor
mortgagee
Average Collection Turnover
43. Money given to someone on condition the person will return the money and interest by a specific date
degree celsius
collateral
loan
assets
44. The total of units multiplied by the price
Milli-
multi modal
median
extention
45. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
parameter
multi modal
compounded interest
standardized recipe
46. 1 ounce or less per guest
default
employee turnover
standard portion size
medium risk investment
47. An inventory costing method that assigns the most recent costs to ending inventory
variable costs
Compounded
FIFO method
Conversion factor
48. Share of the profits of a company
chain discounts
dividend
Metric system
average cover formula
49. First term in a ratio.
Antecedent
Gram
collateral
maximum
50. The part of a fraction above the line - which tells how many parts are being counted.
percent
lessor
numerator
Compounded