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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 decimal figure when x by 2400 gives an approximate annual interest rate
Average Collection Turnover
weighted average
define:money factor
multi modal
2. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
forecasting
per diem
average cover formula
employee turnover
3. Keeping budgeted costs as close as possible to actual costs.
conventional mortgage
complete enumeration survey
Cost control
yield percentage
4. Amount of money coming in and going out of your business monthly
term
standardized recipe
Rate
cash flow
5. The majority of the early payments go toward paying the interest on the loan
per diem
Ratio
front-loaded
multiplier
6. An item of data the stays the same
constant
fractions
overtime
standardized recipe
7. Simple and compound
what are the two types of interest
invoice
overhead cost
Average Collection Turnover
8. Sheet that lists all menu items that are going - to be prepared for a given date
popularity index
cash flow
overhead cost
production sheet
9. Money earned on an investment or paid on a loan
discount
cooking loss test
interest
standardized recipe
10. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
mean
liabilities
Meter
Divisor
11. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
Cube Volume
Depreciation
physical inventory
Trade Discount
12. Direct materials cost plus direct labor cost.
income statement
prime cost
Antecedent
cooking loss test
13. Parts of a whole number
standard portion cost
proportion
fractions
chain discounts
14. Paid in full
edible portion (EP) amount
Break Even Point
retired or amortized
Fixed cost
15. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
compounded monthly
perpetual inventory
requisition
cross-footing
16. Suggested Retail Price
List Price
constant
Cost control
two methods calculators use to process information
17. The divisor of a fraction
Ratio Analysis
break even point
Denominator
two methods calculators use to process information
18. When two ratios are equal
liabilities
shares
proportion
Fixed cost
19. 3am or 4am when most people are in a deep sleep.
part
mortgagee
peak hours
Centi-
20. Used when the each piece of data has more than one component
sales history
divisor
overtime
weighted average
21. A chart showing the lines of responsibility between departments of a large organization
Average Collection Turnover
invoice
organization chart
cooking loss test
22. The property of having material worth (often indicated by the amount of money something would bring if sold)
amortization period
Subtotal
percentage points
Cost
23. First term in a ratio.
medium risk investment
Antecedent
Gram
common shares
24. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
Direct variable cost
List Price
desired yield
common shares
25. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
what are the two types of interest
maximum
Dividend
purchase specification
26. The borrower
liabilities
mortgagor
fixed costs
Break Even Point
27. A percentage discount to customers
special discounts
what are the two types of interest
perpetual inventory
multiplier
28. The total of units multiplied by the price
compounded interest
extention
sales history
lease
29. A series of discounts
personal property
perishable
low risk investment
chain discounts
30. Allows you to buy merchandise from a supplier and pay at a later - specified date.
collateral
Average Collection Turnover
Trade Credit
percent
31. The lowest number in a group of data
minimum
deci-
Direct variable cost
Lowest common denominator
32. 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
edible portion (EP) amount
Conversion factor
define:money factor
Break Even Point Formula
33. Preference and common
Proportion
residual value
what are the two main types of shares
cash flow
34. The point at which you stop losing money.
Denominator
numerator
conventional mortgage
Break Even Point
35. A measure of the number of days needed to collect accounts receivable.
compounded quarterly
mortgage
yield percentage
Average Collection Turnover
36. A measure of how many times the value of the inventory is sold in one year.
default
Inventory Turnover
common shares
invoice
37. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
variable cost
Average Collection Turnover
multiplicand
semi variable cost
38. When an item is discounted or less than the original price
Inventory Turnover
on sale
mean
Borrow
39. Used often by business management to analyze the financial position of the business.
stores
desired yield
Ratio Analysis
constant
40. To take away from the original cost of something
Ratio Analysis
amortization schedule
Inventory Turnover
discount
41. Special hours of work regulations in several industries exempt or set different standards for certain employees
standard employee hours
yield percentage
real property
sample
42. A paper that entitles the holder to a discount on a particular item
Average Daily Sales
part
parameter
coupon
43. Provide a specific dividend that is paid before any dividends are paid to common stock holders
preference shares
organization chart
population
two methods calculators use to process information
44. A number calculated from sample data
statistic
Proportion
Ratio Analysis
maximum
45. The most frequently occuring value in a group of data
mode
physical inventory
Means
dividend
46. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
variable costs
overtime
Percent
loan
47. The amount that can actually be eaten - after trimming and cooking
percentage points
sales tax
collateral
edible portion (EP) amount
48. The money paid to an employee based on a percentage of their sales
sales commission
standard portion cost
Quick Ratio
List Price
49. The process of repossessing and selling the real or personal property when the borrower has defaulted
foreclosure
mode
dividend
data
50. Get temporarily
loan
part
Borrow
statistic
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