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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 amount of money borrowed is less than 75% of the purchase price
List Price
Borrow
conventional mortgage
Depreciation
2. Cost of the an item/# of portions it contains.
amortization period
Antecedent
Ratio Analysis
standard portion cost
3. Total annual sales/365
Complement
Trade Discount
lessor
Average Daily Sales
4. A decimal figure when x by 2400 gives an approximate annual interest rate
define:money factor
maximum
purchase specification
shares
5. The first number
compounded interest
multiplicand
income statement
mortgage
6. Things you own
per diem
weighted average
assets
amortization schedule
7. Paid in full
perpetual inventory
high-ratio mortgage
foreclosure
retired or amortized
8. The property of having material worth (often indicated by the amount of money something would bring if sold)
percentage points
invoice
fixed costs
Cost
9. A percentage discount for buyers associated with the products being sold
Means
trade discount
bottom line figures
what are the three items that may have to be subracted from the gross return figure when calculating net return
10. N. items or materials needed for something such as a business - expedition - or vessel
collateral
stores
Gram
mean
11. Interest is paid once a year
standard portion cost
compounded annually
high-ratio mortgage
term
12. Algebraic - arithmetic
real property
liabilities
two methods calculators use to process information
bottom line figures
13. The highest number in a group of data
extention
maximum
Proportion
lessor
14. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
what are the three items that may have to be subracted from the gross return figure when calculating net return
average cover formula
Trade Credit
Percent
15. Something that is expected to return a profit
investment
default
Subtotal
Depreciation
16. Accounts receivable/ average daily sales
variable cost
Average Collection Turnover
simple interest
Average Daily Sales
17. The owner of the property
ratio
lessor
Liquidity of Assets
sales tax
18. Used often by business management to analyze the financial position of the business.
Gram
Kilo-
Ratio Analysis
on sale
19. Costs that remain constant
conventional mortgage
forecasting
fixed costs
Rate
20. A comparison of two numbers
fixed costs
desired yield
ratio
Quick Ratio
21. Indicators of the confidence investors have in a company (the higher the better)
standardized recipe
compounded quarterly
price earnings ratios
overtime
22. The majority of the early payments go toward paying the interest on the loan
standard employee hours
Borrow
multiplicand
front-loaded
23. The number of sales / number of covers
average cover formula
Compounded
purchase specification
shares
24. A number to be divided by another number
Dividend
investment
interest
high risk investment
25. The number you are multipliying by
sales tax
preference shares
multiplier
loan
26. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
Cylinder Volume
liabilities
constant
average wholesale price AWP
27. Liable to perish
compounded monthly
mode
sensitivity analysis
perishable
28. Be sufficient to meet - defray - or offset the charge or cost of
Divisor
cover
Average Collection Turnover
Rate
29. Suggested Retail Price
physical inventory
complete enumeration survey
multi modal
List Price
30. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
requisition
edible portion (EP) amount
risk
production sheet
31. The process of repossessing and selling the real or personal property when the borrower has defaulted
Denominator
foreclosure
preference shares
prime cost
32. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
investment
complete enumeration survey
organization chart
33. An item of data that has a different value at different times
Quick Ratio
variable
perpetual inventory
balance sheet
34. Provide a specific dividend that is paid before any dividends are paid to common stock holders
Conversion factor
real property
preference shares
complete enumeration survey
35. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
parameter
compounded annually
per diem
36. Tenth - .1
Average Collection Turnover
parameter
deci-
cash flow
37. The money paid to an employee based on a percentage of their sales
per diem
sales commission
default
population
38. Amount of money coming in and going out of your business monthly
per diem
overhead cost
cash flow
foreclosure
39. Real estate (houses - condos - warehouses - factories - etc)
production sheet
cash discounts
median
real property
40. A complete set of individuals - objects or scores being studied
risk
employee turnover
Trade Credit
population
41. Inside numbers in a ratio.
Means
residual value
discount
Compounded
42. Interest is paid twelve times a year
Ratio Analysis
personal property
compounded monthly
dividend
43. To not spend
employee turnover
Average Collection Turnover
save
what are the two main types of shares
44. A percentage discount to customers
special discounts
FIFO method
Lowest common denominator
medium risk investment
45. First term in a ratio.
requisition
what are the two main types of shares
Antecedent
overhead cost
46. Thousandth
amortization period
Milli-
sales commission
what are the three items that may have to be subracted from the gross return figure when calculating net return
47. Basic unit of volume in the metric system
Quick Ratio
Liter
overhead cost
directs
48. A series of discounts
lease
chain discounts
interest
numerator
49. A way of expressing a change from an original amount to a new amount without using a percentage sign.
Net Price
average wholesale price AWP
prime cost
percentage points
50. V=lwh
Volume Formula
average cover formula
price earnings ratios
Average Collection Turnover