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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. An itemized statement of money owed for goods shipped or services rendered
minimum
invoice
Antecedent
save
2. A percentage discount to customers
special discounts
average cover formula
net capitalized cost
divisor
3. Costs that fluctuate
Milli-
Liter
variable costs
invoice
4. The most frequently occuring value in a group of data
mode
mortgagor
bottom line figures
degree celsius
5. Interest calculated on the principal plus any accumulated interest
popularity index
Cylinder Volume
E.O.M
compounded interest
6. The unexpected variablility of returns
risk
bottom line figures
sales commission
statistic
7. A number calculated from sample data
mean
perpetual inventory
sensitivity analysis
statistic
8. V = e 3
peak hours
Cube Volume
Average Daily Sales
multiplicand
9. 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
bottom line figures
compounded monthly
invoice
Conversion factor
10. Deciding if its worth the risk
Borrow
save
sensitivity analysis
dividend
11. The length of the loan
Compounded
deci-
Borrow
term
12. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
fixed costs
lease
requisition
multi modal
13. Interest is paid once a year
Inventory Turnover
compounded annually
minimum
Meter
14. A chart that shows the balance of the mortgage after each amortization period
compounded daily
E.O.M
popularity index
amortization schedule
15. A number to be divided by another number
on sale
FIFO method
minimum
Dividend
16. Will not decay or rot
nonperishable
Quick Ratio
organization chart
percent sign
17. Tenth - .1
List Price
forecasting
deci-
foreign currency exchange
18. The number to be divided by
Conversion factor
investment
interest
dividend
19. The process of repossessing and selling the real or personal property when the borrower has defaulted
sales commission
on sale
foreclosure
define:money factor
20. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
compounded annually
semi variable cost
high-ratio mortgage
trade discount
21. Allows you to buy merchandise from a supplier and pay at a later - specified date.
semi variable cost
variable costs
Trade Credit
Extremes
22. Money charged by the government and added to the original price of an item
Gram
sales tax
Borrow
high-ratio mortgage
23. A way of expressing a change from an original amount to a new amount without using a percentage sign.
standard portion cost
Fixed cost
percentage points
Complement
24. The amount that can actually be eaten - after trimming and cooking
dupe
edible portion (EP) amount
mortgagee
weighted average
25. The lender
price earnings ratios
mortgagee
special discounts
coupon
26. A rate that one currency can be exchanged for another
identify the four helpful calculating tools
cross multiply
foreign currency exchange
Current Assets
27. Where info is collected for every unit of the population
complete enumeration survey
mortgagee
mode
dividend
28. A decimal figure when x by 2400 gives an approximate annual interest rate
residual value
personal property
define:money factor
collateral
29. 1 ounce or less per guest
invoice
standard portion size
collateral
range
30. Money given to someone on condition the person will return the money and interest by a specific date
loan
price earnings ratios
income statement
E.O.M
31. The owner of the property
residual value
lessor
Metric system
loan
32. Cost of the an item/# of portions it contains.
residual value
two methods calculators use to process information
standard portion cost
chain discounts
33. An item of data the stays the same
constant
Current Ratio
Break Even Point
fixed costs
34. The original cost of an item
Milli-
perpetual inventory
List price
p.a.
35. Provide a specific dividend that is paid before any dividends are paid to common stock holders
mean
maximum
preference shares
percent
36. The number you are dividing by
divisor
proportion
dupe
Liquidity of Assets
37. A statement made about the future
parameter
high-ratio mortgage
forecasting
lessee
38. The number of sales / number of covers
cover
average cover formula
nonperishable
prime cost
39. The point at which you stop losing money.
compounded monthly
loan
minimum
Break Even Point
40. A contract giving someone the right to use something for a certain length of time
residual value
lease
proportion
median
41. Part ownership in a company
assets
production sheet
perpetual inventory
shares
42. The highest number in a group of data
compounded daily
Means
maximum
Ratio Analysis
43. Paid dividends after the preference shares have been paid
common shares
interest
sensitivity analysis
compounded monthly
44. 0.01 - 1/100 - hundredth
Proportion
List Price
Conversion factor
Centi-
45. The person paying to borrow property for a certain amount of time for payments
lessee
minimum
high risk investment
numerator
46. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
bottom line figures
standardized recipe
Average Collection Turnover
weighted average
47. Simple and compound
risk
Ratio Analysis
what are the two types of interest
term
48. A complete set of individuals - objects or scores being studied
multiplier
population
Centi-
constant
49.
loan
degree celsius
invoice
edible portion (EP) amount
50. Compares two numbers or quantities by using division.
Ratio
Meter
mortgagee
retired or amortized