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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. Two equivalent ratios joined by an equal sign.
Lowest common denominator
Proportion
conventional mortgage
mean
2. Algebraic - arithmetic
bonds
two methods calculators use to process information
proportion
risk
3. The info collected from a survey and the figures generated through statistical analysis
data
stores
perishable
lessee
4. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
balance sheet
overtime
average wholesale price AWP
employee turnover
5. A chart showing the lines of responsibility between departments of a large organization
range
per diem
organization chart
discount
6. Multiply cross products to solve (top x bottom = top x bottom)
Compounded
assets
parameter
cross multiply
7. An itemized statement of money owed for goods shipped or services rendered
invoice
sales commission
Cone Volume
organization chart
8. Paid in full
minimum
Quick Ratio
identify the four helpful calculating tools
retired or amortized
9. The unexpected variablility of returns
risk
Metric system
E.O.M
numerator
10. The variable of the percentage formula that represents a part of the base.
Ratio
average wholesale price AWP
invoice
part
11. To not spend
save
cooking loss test
invoice
Divisor
12. V = 1/3 pir2h
Conversion factor
Cone Volume
per diem
median
13. When several percentages occur in successions.
high-ratio mortgage
Ratio Analysis
Fixed cost
Compounded
14. Amount of money coming in and going out of your business monthly
Rate
cross multiply
popularity index
cash flow
15. 0.01 - 1/100 - hundredth
part
Volume Formula
Break Even Point
Centi-
16. A cost that does not change - no matter how much of a good is produced
Cost control
Quick Ratio
Fixed cost
Break Even Point
17. A rate that one currency can be exchanged for another
mortgage
physical inventory
foreign currency exchange
sample
18. A series of discounts
shares
chain discounts
sales history
Proportion
19. The amount of money borrowed is less than 75% of the purchase price
conventional mortgage
Means
standard employee hours
dividend
20. Money given to someone on condition the person will return the money and interest by a specific date
maximum
constant
deci-
loan
21. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
numerator
Rate
compounded quarterly
Direct variable cost
22. An inventory costing method that assigns the most recent costs to ending inventory
on sale
popularity index
FIFO method
Net Price
23. Interest is paid twelve times a year
compounded monthly
maximum
Kilo-
Liter
24. The number you are multipliying by
mode
dividend
peak hours
multiplier
25. Percentage of the list price.
Divisor
cross-footing
extention
Trade Discount
26. Something that is expected to return a profit
loan
Fixed cost
extention
investment
27. Simple and compound
what are the two main types of shares
what are the two types of interest
invoice
cash flow
28. Real estate (houses - condos - warehouses - factories - etc)
dupe
minimum
Cost control
real property
29. Interest is paid 365 times a year
Trade Credit
compounded daily
Cylinder Volume
Divisor
30. When an item is discounted or less than the original price
preference shares
on sale
cross multiply
compounded sem-annually
31. 1 ounce or less per guest
minimum
compounded annually
standard portion size
Percent
32. Special hours of work regulations in several industries exempt or set different standards for certain employees
numerator
standard employee hours
standard portion cost
range
33. The number by which a dividend is divided
collateral
coupon
Compounded
Divisor
34. Allows you to buy merchandise from a supplier and pay at a later - specified date.
Trade Credit
requisition
Cost control
preference shares
35. Total amount before another amount is added or subtracted
Subtotal
fractions
compounded interest
dividend
36. Costs that fluctuate
on sale
variable costs
mortgagee
constant
37. Paid dividends after the preference shares have been paid
common shares
Meter
sales commission
balance sheet
38. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
what are the two types of interest
Liquidity of Assets
Metric system
average wholesale price AWP
39. Interest is paid once a year
percent
cash discounts
Lowest common denominator
compounded annually
40. N. items or materials needed for something such as a business - expedition - or vessel
stores
multi modal
nonperishable
default
41. The interest amount is small - but you are guaranteed to get something
Conversion factor
chain discounts
Trade Discount
low risk investment
42. Per annum - yearly
Quick Ratio
net capitalized cost
p.a.
compounded annually
43. Total annual sales/365
standard portion cost
Average Daily Sales
what are the two main types of shares
income statement
44. The smallest number - other than zero - that can be the denominator for two or more common fractions
Complement
high-ratio mortgage
Lowest common denominator
physical inventory
45. A decimal system of weights and measures based on the meter and the kilogram and the second
per diem
Metric system
Subtotal
Cylinder Volume
46. The amount that can actually be eaten - after trimming and cooking
degree celsius
edible portion (EP) amount
amortization schedule
overhead cost
47. The borrower
amortization schedule
mortgagor
personal property
low risk investment
48. Electronic - portable (pocket) - computer - spreadsheets
average cover formula
multiplicand
identify the four helpful calculating tools
sensitivity analysis
49. The price after any down-payment or trade-in
invoice
what are the two types of interest
organization chart
net capitalized cost
50. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
low risk investment
percent sign
extention
retired or amortized