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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. Total fixed costs/ selling price-variable cost
low risk investment
Gram
Break Even Point Formula
production sheet
2. The variable of the percentage formula that represents 100% - or the whole thing.
Cost
front-loaded
Trade Discount
Base
3. Something that is expected to return a profit
investment
employee turnover
Lowest common denominator
parameter
4. The info collected from a survey and the figures generated through statistical analysis
Antecedent
multiplicand
organization chart
data
5. V = pir2h
Cylinder Volume
lease
physical inventory
yield percentage
6. The depreciation of an asset as an expense
capital cost allowance
percent
semi variable cost
divisor
7. Used often by business management to analyze the financial position of the business.
standardized recipe
production sheet
employee turnover
Ratio Analysis
8. A number to be divided by another number
fixed costs
Volume Formula
Cube Volume
Dividend
9. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
Meter
Trade Credit
Percent
ratio
10. Real estate (houses - condos - warehouses - factories - etc)
what are the three items that may have to be subracted from the gross return figure when calculating net return
real property
statistic
employee turnover
11. When an item is discounted or less than the original price
requisition
dividend
on sale
break even point
12. Thousandth
standard portion cost
compounded interest
data
Milli-
13. A chart showing the lines of responsibility between departments of a large organization
break even point
price earnings ratios
low risk investment
organization chart
14. The amount that can actually be eaten - after trimming and cooking
constant
edible portion (EP) amount
per diem
nonperishable
15. Commission fee - inflation rate - capital gains tax
real property
yield percentage
List Price
what are the three items that may have to be subracted from the gross return figure when calculating net return
16. # of servings of an item / total number of servings of all items in that category each day
fixed costs
popularity index
mode
numerator
17. Non-payment
Quick Ratio
default
cross-footing
trade discount
18. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
yield percentage
part
Consequent
Average Collection Turnover
19. (simple average) adding the group of items and dividing by the total number of items
percent sign
mean
standard employee hours
shares
20. Money earned on an investment or paid on a loan
interest
standard portion size
investment
popularity index
21. V = 1/3 pir2h
List price
Meter
directs
Cone Volume
22. Turning assets into cash.
Trade Discount
Liquidity of Assets
percentage points
cross multiply
23. Parts of a whole number
cross multiply
Centi-
medium risk investment
fractions
24. Money given to someone on condition the person will return the money and interest by a specific date
loan
Borrow
data
statistic
25. Total amount before another amount is added or subtracted
mode
foreign currency exchange
dupe
Subtotal
26. Preference and common
variable cost
standard employee hours
what are the two main types of shares
Ratio Analysis
27. Interest is paid twelve times a year
simple interest
Quick Ratio
maximum
compounded monthly
28. A series of discounts
Inventory Turnover
popularity index
liabilities
chain discounts
29. The point at which you stop losing money.
employee turnover
shares
Break Even Point
investment
30. A bill
invoice
dividend
multi modal
multiplicand
31. First term in a ratio.
invoice
Antecedent
desired yield
high-ratio mortgage
32. The property of having material worth (often indicated by the amount of money something would bring if sold)
extention
per diem
Cost
p.a.
33. Cost associated with fixed expenses such as rent - debt service and administration.
compounded interest
on sale
overhead cost
Net Price
34. When two ratios are equal
proportion
Gram
edible portion (EP) amount
Kilo-
35. The amount of money borrowed is between 75% - 95% of the purchase price
prime cost
high-ratio mortgage
purchase specification
requisition
36. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
Average Collection Turnover
proportion
Meter
save
37. An item of data that has a different value at different times
lease
variable
List price
Trade Discount
38. The difference between the highest and lowest numbers in a set of data
range
per diem
Kilo-
parameter
39. Per day
variable
low risk investment
per diem
Depreciation
40. Cost of the an item/# of portions it contains.
simple interest
standard portion cost
percent
variable
41. Number calculated from population data
parameter
constant
income statement
fractions
42. Simple and compound
Current Ratio
Extremes
what are the two types of interest
low risk investment
43. Deciding if its worth the risk
Denominator
sensitivity analysis
Divisor
Dividend
44. The amount the property is worth at the end of the lease
dividend
degree celsius
residual value
fixed costs
45. Per annum - yearly
p.a.
interest
divisor
Base
46. The number to be divided by
dividend
conventional mortgage
Cost
compounded monthly
47. The majority of the early payments go toward paying the interest on the loan
range
front-loaded
what are the three items that may have to be subracted from the gross return figure when calculating net return
trade discount
48. Interest is paid once a year
average wholesale price AWP
p.a.
default
compounded annually
49. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
foreclosure
data
default
percent sign
50. A contract giving someone the right to use something for a certain length of time
Lowest common denominator
mortgagor
lease
constant