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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. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
variable cost
loan
standard portion size
Direct variable cost
2. A chart showing the lines of responsibility between departments of a large organization
organization chart
Centi-
variable cost
variable costs
3. The length of time until the debt is zero
amortization period
shares
Quick Ratio
part
4. Money earned on an investment or paid on a loan
loan
Borrow
common shares
interest
5. Get temporarily
default
Current Assets
Borrow
Consequent
6. More than one frequently occuring value in a group of data
semi variable cost
bonds
multi modal
amortization period
7. The amount the property is worth at the end of the lease
residual value
Inventory Turnover
bottom line figures
break even point
8. Things you own
standardized recipe
trade discount
assets
bottom line figures
9. 3am or 4am when most people are in a deep sleep.
Kilo-
Proportion
discount
peak hours
10. Cost associated with fixed expenses such as rent - debt service and administration.
amortization period
overhead cost
deci-
Milli-
11. The point where income and expenses intersect (no loss or profit)
bottom line figures
coupon
break even point
standard portion size
12. A decimal figure when x by 2400 gives an approximate annual interest rate
common shares
Centi-
standard portion size
define:money factor
13. The number by which a dividend is divided
Trade Credit
Divisor
foreclosure
coupon
14. A bill
invoice
desired yield
loan
edible portion (EP) amount
15. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
what are the three items that may have to be subracted from the gross return figure when calculating net return
sales history
cooking loss test
yield percentage
16. Algebraic - arithmetic
purchase specification
two methods calculators use to process information
front-loaded
Trade Discount
17. Costs that remain constant
requisition
percent sign
standard portion size
fixed costs
18. Total amount before another amount is added or subtracted
List price
Subtotal
Antecedent
discount
19.
Current Ratio
degree celsius
organization chart
shares
20. Scaling factor based on yield
balance sheet
fixed costs
perishable
desired yield
21. To take away from the original cost of something
discount
real property
nonperishable
range
22. Interest is paid once a year
compounded annually
invoice
purchase specification
Inventory Turnover
23. (simple average) adding the group of items and dividing by the total number of items
semi variable cost
standard portion size
mean
define:money factor
24. Interest is paid twice a year
Net Price
compounded sem-annually
Current Ratio
percent
25. Accounts receivable/ average daily sales
mortgagor
Consequent
Borrow
Average Collection Turnover
26. Where info is collected for every unit of the population
complete enumeration survey
divisor
loan
Depreciation
27. Tenth - .1
deci-
compounded interest
ratio
personal property
28. A complete set of individuals - objects or scores being studied
define:money factor
semi variable cost
population
cross-footing
29. One thousand grams - thousand
Kilo-
physical inventory
compounded annually
E.O.M
30. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
mortgagee
what are the three items that may have to be subracted from the gross return figure when calculating net return
requisition
percent
31. Two equivalent ratios joined by an equal sign.
perishable
dividend
identify the four helpful calculating tools
Proportion
32. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
Liquidity of Assets
mode
price earnings ratios
33. A loan
Lowest common denominator
mortgage
compounded quarterly
Antecedent
34. The property of having material worth (often indicated by the amount of money something would bring if sold)
range
overtime
coupon
Cost
35. Of one hundred
multiplicand
Consequent
percent
risk
36. Multiply cross products to solve (top x bottom = top x bottom)
E.O.M
stores
Consequent
cross multiply
37. The difference between the highest and lowest numbers in a set of data
maximum
population
Inventory Turnover
range
38. Deciding if its worth the risk
yield percentage
data
Average Collection Turnover
sensitivity analysis
39. Allows you to buy merchandise from a supplier and pay at a later - specified date.
sample
Trade Credit
maximum
FIFO method
40. The amount that can actually be eaten - after trimming and cooking
desired yield
organization chart
edible portion (EP) amount
common shares
41. A portion of the population being studied
Depreciation
compounded daily
sample
List price
42. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
semi variable cost
multi modal
complete enumeration survey
conventional mortgage
43. Special hours of work regulations in several industries exempt or set different standards for certain employees
chain discounts
mortgagor
Kilo-
standard employee hours
44. V = 1/3 pir2h
default
mortgagor
chain discounts
Cone Volume
45. Number calculated from population data
amortization schedule
simple interest
parameter
common shares
46. The lender
Borrow
on sale
Conversion factor
mortgagee
47. You may get a large return or get nothing
high risk investment
standard portion cost
residual value
data
48. Total annual sales/365
deci-
sales tax
compounded monthly
Average Daily Sales
49. Used often by business management to analyze the financial position of the business.
Cylinder Volume
Ratio Analysis
term
invoice
50. Percentage of the list price.
save
what are the two types of interest
data
Trade Discount
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