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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 loan
on sale
variable costs
mortgage
what are the two main types of shares
2. 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
physical inventory
Ratio
Conversion factor
term
3. A way of expressing a change from an original amount to a new amount without using a percentage sign.
net capitalized cost
percentage points
variable costs
overhead cost
4. Number calculated from population data
yield percentage
compounded annually
parameter
percentage points
5. Of one hundred
ratio
percent
liabilities
Fixed cost
6.
Kilo-
multi modal
degree celsius
average cover formula
7. Provide a specific dividend that is paid before any dividends are paid to common stock holders
preference shares
constant
minimum
what are the two types of interest
8. Direct materials cost plus direct labor cost.
Denominator
Gram
extention
prime cost
9. Part ownership in a company
employee turnover
fractions
List Price
shares
10. A cost that rises or falls depending on how much is produced
fractions
requisition
shares
variable cost
11. 0.01 - 1/100 - hundredth
define:money factor
Centi-
percentage points
compounded annually
12. Interest is paid twelve times a year
ratio
Percent
Metric system
compounded monthly
13. Two equivalent ratios joined by an equal sign.
Cost
Proportion
weighted average
compounded quarterly
14. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
compounded interest
variable cost
requisition
semi variable cost
15. The part of a fraction above the line - which tells how many parts are being counted.
cash flow
percentage points
residual value
numerator
16. Things you own
operational plan
assets
sensitivity analysis
save
17. Amounts of money you owe
Dividend
population
foreclosure
liabilities
18. A cost that does not change - no matter how much of a good is produced
Fixed cost
on sale
edible portion (EP) amount
common shares
19. The highest number in a group of data
dupe
maximum
desired yield
purchase specification
20. (simple average) adding the group of items and dividing by the total number of items
Cube Volume
mortgage
mean
retired or amortized
21. Simple and compound
compounded quarterly
what are the two types of interest
low risk investment
complete enumeration survey
22. Current assets/ current liabilities
dupe
Direct variable cost
variable
Current Ratio
23. Adding columns of figures horizontally and vertically to check that the totals agree
multi modal
cross-footing
dividend
simple interest
24. The info collected from a survey and the figures generated through statistical analysis
what are the two types of interest
data
Cost
cross-footing
25. The amount of money borrowed is between 75% - 95% of the purchase price
yield percentage
cash discounts
high-ratio mortgage
Complement
26. Amount of money coming in and going out of your business monthly
variable costs
cash flow
real property
invoice
27. V=lwh
cross-footing
Volume Formula
degree celsius
population
28. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
Centi-
standard portion cost
Average Collection Turnover
standardized recipe
29. Cost associated with fixed expenses such as rent - debt service and administration.
overhead cost
organization chart
variable
prime cost
30. 3am or 4am when most people are in a deep sleep.
Metric system
peak hours
liabilities
edible portion (EP) amount
31. Paid in full
retired or amortized
Milli-
minimum
variable costs
32. The length of the loan
compounded sem-annually
foreign currency exchange
perpetual inventory
term
33. The new percent obtained by subtracting the change percent from 100%.
Complement
two methods calculators use to process information
bonds
Average Daily Sales
34. Share of the profits of a company
dividend
shares
Average Collection Turnover
Inventory Turnover
35. An inventory costing method that assigns the most recent costs to ending inventory
Divisor
p.a.
FIFO method
percentage points
36. You may get a large return or get nothing
high risk investment
lessee
Conversion factor
conventional mortgage
37. V = 1/3 pir2h
overhead cost
Cone Volume
bonds
what are the two types of interest
38. The owner of the property
Liquidity of Assets
coupon
lessor
Cost
39. A decimal figure when x by 2400 gives an approximate annual interest rate
define:money factor
sales commission
percent sign
maximum
40. A measure of how many times the value of the inventory is sold in one year.
standardized recipe
fractions
percentage points
Inventory Turnover
41. The borrower
foreclosure
mortgagee
mortgagor
high-ratio mortgage
42. The point at which you stop losing money.
lessor
Metric system
two methods calculators use to process information
Break Even Point
43. Interest is paid 365 times a year
mode
sensitivity analysis
multi modal
compounded daily
44. The number to be divided by
trade discount
loan
dividend
compounded quarterly
45. The interest amount is small - but you are guaranteed to get something
range
sample
low risk investment
overhead cost
46. The lowest number in a group of data
minimum
chain discounts
compounded interest
Extremes
47. A chart showing the lines of responsibility between departments of a large organization
investment
residual value
Average Daily Sales
organization chart
48. The number you are dividing by
Compounded
divisor
personal property
coupon
49. Cash + receivables/ current liabilities.
Inventory Turnover
break even point
discount
Quick Ratio
50. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
save
maximum
physical inventory
chain discounts