SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. The property of having material worth (often indicated by the amount of money something would bring if sold)
Cost
desired yield
organization chart
sales tax
2. Interest is paid twice a year
compounded sem-annually
high risk investment
Depreciation
cash flow
3. When two ratios are equal
part
Base
proportion
cross-footing
4. Shows the money coming in and expenses for a certain period of time.
income statement
E.O.M
Cone Volume
Current Ratio
5. The variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.
cross-footing
popularity index
Rate
Conversion factor
6. Inside numbers in a ratio.
Break Even Point
Antecedent
constant
Means
7. Cost associated with fixed expenses such as rent - debt service and administration.
multiplier
part
Denominator
overhead cost
8. Cost of the an item/# of portions it contains.
foreclosure
identify the four helpful calculating tools
standard portion cost
chain discounts
9. Accounts receivable/ average daily sales
standardized recipe
extention
Average Collection Turnover
requisition
10.
degree celsius
Kilo-
Current Ratio
overtime
11. Algebraic - arithmetic
two methods calculators use to process information
E.O.M
range
residual value
12. A number calculated from sample data
yield percentage
Break Even Point Formula
popularity index
statistic
13. When several percentages occur in successions.
chain discounts
Compounded
popularity index
Net Price
14. Cash or assets that can quickly be converted into cash.
compounded quarterly
sales commission
Current Assets
requisition
15. The smallest number - other than zero - that can be the denominator for two or more common fractions
Average Collection Turnover
Lowest common denominator
fractions
conventional mortgage
16. A chart showing the lines of responsibility between departments of a large organization
mortgagee
multiplier
organization chart
what are the two types of interest
17. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
price earnings ratios
compounded interest
Break Even Point Formula
standardized recipe
18. Per annum - yearly
p.a.
nonperishable
minimum
part
19. Interest is paid four times a year
maximum
lessee
liabilities
compounded quarterly
20. The borrower
Volume Formula
special discounts
mortgagor
sensitivity analysis
21. The part of a fraction above the line - which tells how many parts are being counted.
Trade Discount
medium risk investment
numerator
List price
22. Indicators of the confidence investors have in a company (the higher the better)
liabilities
median
price earnings ratios
Lowest common denominator
23. A paper that entitles the holder to a discount on a particular item
stores
coupon
perishable
discount
24. The depreciation of an asset as an expense
variable cost
Average Collection Turnover
capital cost allowance
sales tax
25. A metric unit of weight equal to one thousandth of a kilogram
Gram
stores
Trade Discount
low risk investment
26. Paid in full
retired or amortized
Liquidity of Assets
Cost
Trade Credit
27. A percentage discount for buyers associated with the products being sold
trade discount
mortgagee
price earnings ratios
conventional mortgage
28. Turning assets into cash.
Base
cooking loss test
Liquidity of Assets
Borrow
29. Allows you to buy merchandise from a supplier and pay at a later - specified date.
Average Collection Turnover
invoice
Trade Credit
deci-
30. N. items or materials needed for something such as a business - expedition - or vessel
stores
Centi-
requisition
low risk investment
31. Investing in a well-established company
Ratio
sample
foreign currency exchange
medium risk investment
32. Identifies short-term activities to implement strategic plans
front-loaded
cover
operational plan
investment
33. A way of expressing a change from an original amount to a new amount without using a percentage sign.
special discounts
preference shares
Cost
percentage points
34. First term in a ratio.
Antecedent
employee turnover
Cone Volume
investment
35. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
Complement
median
perpetual inventory
Dividend
36. An inventory costing method that assigns the most recent costs to ending inventory
compounded quarterly
prime cost
loan
FIFO method
37. Two equivalent ratios joined by an equal sign.
Proportion
Rate
complete enumeration survey
nonperishable
38. Total fixed costs/ selling price-variable cost
Break Even Point Formula
cash discounts
define:money factor
Average Daily Sales
39. Special hours of work regulations in several industries exempt or set different standards for certain employees
special discounts
lessor
parameter
standard employee hours
40. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
production sheet
Antecedent
Subtotal
Direct variable cost
41. A cost that rises or falls depending on how much is produced
Gram
conventional mortgage
Current Assets
variable cost
42. The lender
mortgagee
multiplier
directs
default
43. Be sufficient to meet - defray - or offset the charge or cost of
interest
cover
Metric system
foreign currency exchange
44. A chart that shows the balance of the mortgage after each amortization period
semi variable cost
amortization schedule
term
bottom line figures
45. A rate that one currency can be exchanged for another
Cost control
break even point
Kilo-
foreign currency exchange
46. A measure of the number of days needed to collect accounts receivable.
Centi-
lessee
Average Collection Turnover
Depreciation
47. Time worked beyond the established working hours
percent sign
overtime
Conversion factor
yield percentage
48. Multiply cross products to solve (top x bottom = top x bottom)
Extremes
Rate
Average Collection Turnover
cross multiply
49. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
E.O.M
mortgagee
Proportion
employee turnover
50. Something that is expected to return a profit
investment
default
Conversion factor
special discounts