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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. A portion of the population being studied
shares
preference shares
simple interest
sample
2. Total annual sales/365
sales history
nonperishable
Average Daily Sales
statistic
3. The amount the property is worth at the end of the lease
residual value
preference shares
mortgage
yield percentage
4. The lowest number in a group of data
minimum
parameter
sales tax
Average Collection Turnover
5. Paid dividends after the preference shares have been paid
Meter
nonperishable
common shares
List price
6. The variable of the percentage formula that represents 100% - or the whole thing.
fixed costs
Base
sales commission
complete enumeration survey
7. The first number
multiplicand
Compounded
Divisor
mortgagor
8. Per day
per diem
cover
sales commission
capital cost allowance
9. Two equivalent ratios joined by an equal sign.
Average Daily Sales
lessee
standard portion size
Proportion
10. The divisor of a fraction
Denominator
simple interest
purchase specification
minimum
11. Amount of money coming in and going out of your business monthly
forecasting
mean
data
cash flow
12. The process of repossessing and selling the real or personal property when the borrower has defaulted
personal property
foreclosure
prime cost
medium risk investment
13. To not spend
weighted average
save
default
cooking loss test
14. Shows the assets - liabilities and financial position of the company
Conversion factor
balance sheet
define:money factor
Liter
15. The property of having material worth (often indicated by the amount of money something would bring if sold)
Inventory Turnover
sales tax
Cost
operational plan
16. Interest is paid twice a year
compounded sem-annually
percent sign
retired or amortized
Fixed cost
17. A person who is tricked or swindled
per diem
compounded interest
dupe
preference shares
18. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
physical inventory
Means
Liter
investment
19. An itemized statement of money owed for goods shipped or services rendered
lease
Conversion factor
yield percentage
invoice
20. Used often by business management to analyze the financial position of the business.
mortgagee
invoice
Ratio Analysis
population
21. A bill
foreign currency exchange
invoice
Direct variable cost
Net Price
22. Simple and compound
average cover formula
Trade Credit
compounded daily
what are the two types of interest
23. The number you are multipliying by
what are the three items that may have to be subracted from the gross return figure when calculating net return
identify the four helpful calculating tools
List price
multiplier
24. A contract giving someone the right to use something for a certain length of time
perpetual inventory
median
lease
statistic
25. Interest is paid four times a year
variable costs
compounded quarterly
Borrow
Direct variable cost
26. When an item is discounted or less than the original price
lessor
E.O.M
on sale
front-loaded
27. The owner of the property
preference shares
complete enumeration survey
lessor
lessee
28. Multiply cross products to solve (top x bottom = top x bottom)
cross multiply
coupon
multiplier
preference shares
29. The point at which you stop losing money.
Complement
Break Even Point
complete enumeration survey
Liter
30. The highest number in a group of data
lease
what are the three items that may have to be subracted from the gross return figure when calculating net return
maximum
net capitalized cost
31. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
prime cost
Net Price
Direct variable cost
loan
32. Shows the money coming in and expenses for a certain period of time.
part
income statement
standard employee hours
multi modal
33. The amount of money borrowed is between 75% - 95% of the purchase price
Rate
high-ratio mortgage
what are the two types of interest
part
34. The number of sales / number of covers
employee turnover
average cover formula
overhead cost
invoice
35. Share of the profits of a company
range
special discounts
dividend
desired yield
36. Discounts offered to encourage customers to pay their bills on time
cash discounts
simple interest
cover
cross multiply
37. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
Metric system
variable
average wholesale price AWP
Ratio Analysis
38. Systematic recording of all sales achieved during a predetermined time period
divisor
simple interest
sales history
what are the two main types of shares
39. The number you are dividing by
percent sign
divisor
Metric system
assets
40. V = e 3
Cube Volume
compounded sem-annually
Break Even Point Formula
Conversion factor
41. A decrease in price or value
Depreciation
income statement
p.a.
compounded quarterly
42. Preference and common
cross-footing
common shares
what are the two main types of shares
liabilities
43. The price paid after the trade discount has been subtracted.
Net Price
mortgagee
organization chart
simple interest
44. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
requisition
Ratio
production sheet
retired or amortized
45. Manages; guides; controls; commands; tells or shows the way
Borrow
directs
define:money factor
Consequent
46. Money charged by the government and added to the original price of an item
sales tax
compounded annually
common shares
range
47. Part ownership in a company
shares
Depreciation
Consequent
bonds
48. Where info is collected for every unit of the population
complete enumeration survey
average cover formula
sensitivity analysis
simple interest
49. The point where income and expenses intersect (no loss or profit)
break even point
high-ratio mortgage
Gram
trade discount
50. Algebraic - arithmetic
low risk investment
two methods calculators use to process information
Proportion
median