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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. Preference and common
front-loaded
Base
personal property
what are the two main types of shares
2. Will not decay or rot
nonperishable
percent
multi modal
operational plan
3. The original cost of an item
requisition
Net Price
List price
medium risk investment
4. Interest is paid 365 times a year
Break Even Point Formula
compounded daily
sensitivity analysis
Fixed cost
5. One thousand grams - thousand
Kilo-
lease
bottom line figures
what are the three items that may have to be subracted from the gross return figure when calculating net return
6. Interest calculated on the principle
simple interest
what are the three items that may have to be subracted from the gross return figure when calculating net return
Trade Discount
mortgagor
7. Indicators of the confidence investors have in a company (the higher the better)
Complement
standard portion size
lessor
price earnings ratios
8. A percentage discount to customers
Complement
cover
FIFO method
special discounts
9. The person paying to borrow property for a certain amount of time for payments
lessee
physical inventory
average wholesale price AWP
Average Collection Turnover
10. 3am or 4am when most people are in a deep sleep.
cover
preference shares
peak hours
income statement
11. The depreciation of an asset as an expense
data
capital cost allowance
minimum
bottom line figures
12. Simple and compound
mortgage
compounded sem-annually
what are the two types of interest
Cost control
13. 0.01 - 1/100 - hundredth
Centi-
coupon
Divisor
risk
14. Adding columns of figures horizontally and vertically to check that the totals agree
fixed costs
Liter
cross-footing
Antecedent
15. The final figures
weighted average
compounded monthly
bottom line figures
simple interest
16. Turning assets into cash.
Liquidity of Assets
Fixed cost
Lowest common denominator
compounded interest
17. The number to be divided by
dividend
compounded interest
Cylinder Volume
Centi-
18. The number of sales / number of covers
Percent
personal property
multi modal
average cover formula
19. The amount the property is worth at the end of the lease
residual value
amortization period
loan
invoice
20. The smallest number - other than zero - that can be the denominator for two or more common fractions
Lowest common denominator
population
low risk investment
forecasting
21. A rate that one currency can be exchanged for another
foreign currency exchange
Cost
Metric system
average cover formula
22. Cost associated with fixed expenses such as rent - debt service and administration.
overhead cost
standard employee hours
Dividend
mean
23. A decrease in price or value
conventional mortgage
Depreciation
perishable
data
24. The total of units multiplied by the price
data
shares
extention
special discounts
25. Money charged by the government and added to the original price of an item
sales tax
coupon
common shares
forecasting
26. A portion of the population being studied
employee turnover
edible portion (EP) amount
Borrow
sample
27. A measure of how many times the value of the inventory is sold in one year.
multiplier
mean
Inventory Turnover
mode
28. Total fixed costs/ selling price-variable cost
stores
Break Even Point Formula
mortgagee
prime cost
29. Share of the profits of a company
what are the three items that may have to be subracted from the gross return figure when calculating net return
variable costs
dividend
variable
30. Investing in a well-established company
Kilo-
Depreciation
Centi-
medium risk investment
31. Multiply cross products to solve (top x bottom = top x bottom)
cross multiply
Proportion
two methods calculators use to process information
extention
32. N. items or materials needed for something such as a business - expedition - or vessel
stores
chain discounts
Percent
p.a.
33. Per day
per diem
multiplier
standard portion cost
interest
34. A chart that shows the balance of the mortgage after each amortization period
variable cost
Percent
amortization schedule
compounded monthly
35. Algebraic - arithmetic
Compounded
two methods calculators use to process information
foreign currency exchange
population
36. Costs that fluctuate
Compounded
assets
variable costs
data
37. Parts of a whole number
fractions
forecasting
compounded sem-annually
mean
38. A number to be divided by another number
Dividend
operational plan
term
Current Ratio
39. Way to measure amount of product shrinkage during cooking/roasting process
retired or amortized
cooking loss test
Gram
perpetual inventory
40. End of month.
dividend
real property
multiplicand
E.O.M
41. Cash or assets that can quickly be converted into cash.
edible portion (EP) amount
low risk investment
Current Assets
mortgagee
42. Suggested Retail Price
Lowest common denominator
compounded quarterly
compounded sem-annually
List Price
43. The number you are multipliying by
multiplier
real property
numerator
compounded interest
44. The length of the loan
what are the two types of interest
Borrow
term
E.O.M
45. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
production sheet
personal property
what are the three items that may have to be subracted from the gross return figure when calculating net return
Direct variable cost
46. More than one frequently occuring value in a group of data
what are the three items that may have to be subracted from the gross return figure when calculating net return
part
divisor
multi modal
47. An item of data that has a different value at different times
mortgagee
p.a.
variable
Borrow
48. Things you own
average cover formula
peak hours
assets
shares
49. An inventory costing method that assigns the most recent costs to ending inventory
term
FIFO method
discount
Fixed cost
50. The majority of the early payments go toward paying the interest on the loan
front-loaded
percent sign
Conversion factor
mode
Can you answer 50 questions in 15 minutes?
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