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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 system of weights and measures based on the meter and the kilogram and the second
compounded monthly
Dividend
Current Ratio
Metric system
2. The process of repossessing and selling the real or personal property when the borrower has defaulted
Average Collection Turnover
on sale
foreclosure
real property
3. The majority of the early payments go toward paying the interest on the loan
front-loaded
Divisor
compounded monthly
standard portion cost
4. Adding columns of figures horizontally and vertically to check that the totals agree
variable
compounded quarterly
cross-footing
chain discounts
5.
mortgagor
Break Even Point Formula
degree celsius
low risk investment
6. Paid in full
operational plan
compounded daily
on sale
retired or amortized
7. Algebraic - arithmetic
standard portion size
low risk investment
mean
two methods calculators use to process information
8. Amounts of money you owe
Average Collection Turnover
Gram
break even point
liabilities
9. A cost that does not change - no matter how much of a good is produced
Liter
Fixed cost
overhead cost
deci-
10. More than one frequently occuring value in a group of data
Ratio Analysis
what are the two main types of shares
foreclosure
multi modal
11. 1 ounce or less per guest
standard portion size
compounded monthly
chain discounts
Current Assets
12. Of one hundred
Ratio Analysis
percent
mortgage
risk
13. Current assets/ current liabilities
median
Current Ratio
Liquidity of Assets
forecasting
14. The amount of money borrowed is between 75% - 95% of the purchase price
sample
front-loaded
personal property
high-ratio mortgage
15. Interest is paid four times a year
List price
overtime
p.a.
compounded quarterly
16. The divisor of a fraction
amortization period
Fixed cost
Denominator
minimum
17. A percentage discount for buyers associated with the products being sold
Means
trade discount
dividend
production sheet
18. Discounts offered to encourage customers to pay their bills on time
default
statistic
Net Price
cash discounts
19. Way to measure amount of product shrinkage during cooking/roasting process
collateral
cooking loss test
assets
conventional mortgage
20. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
dividend
perpetual inventory
maximum
E.O.M
21. The length of the loan
stores
numerator
term
low risk investment
22. The point where income and expenses intersect (no loss or profit)
break even point
cross multiply
mortgagor
compounded quarterly
23. An item of data the stays the same
default
average wholesale price AWP
Conversion factor
constant
24. Compares two numbers or quantities by using division.
dividend
Ratio
Subtotal
data
25. Electronic - portable (pocket) - computer - spreadsheets
net capitalized cost
identify the four helpful calculating tools
deci-
operational plan
26. Share of the profits of a company
p.a.
coupon
identify the four helpful calculating tools
dividend
27. The owner of the property
residual value
lessor
shares
Gram
28. 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
risk
Cost control
what are the two main types of shares
Conversion factor
29. V=lwh
Volume Formula
lease
percent
Antecedent
30. The number you are dividing by
sensitivity analysis
standardized recipe
divisor
fixed costs
31. To take away from the original cost of something
liabilities
ratio
stores
discount
32. Cash or assets that can quickly be converted into cash.
two methods calculators use to process information
amortization period
Current Assets
retired or amortized
33. V = 1/3 pir2h
Cone Volume
production sheet
Subtotal
p.a.
34. The length of time until the debt is zero
chain discounts
invoice
amortization period
multi modal
35. Shows the assets - liabilities and financial position of the company
bonds
balance sheet
Cylinder Volume
low risk investment
36. Loans to companies or goverments (no voting rights)
Ratio Analysis
bonds
weighted average
desired yield
37. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
Percent
Trade Discount
sales commission
standard portion cost
38. A decimal figure when x by 2400 gives an approximate annual interest rate
invoice
peak hours
define:money factor
physical inventory
39. The original cost of an item
Ratio Analysis
List price
standard employee hours
Denominator
40. Sheet that lists all menu items that are going - to be prepared for a given date
requisition
semi variable cost
stores
production sheet
41. A metric unit of weight equal to one thousandth of a kilogram
cross-footing
Denominator
Volume Formula
Gram
42. Where info is collected for every unit of the population
popularity index
Proportion
Inventory Turnover
complete enumeration survey
43. Indicators of the confidence investors have in a company (the higher the better)
nonperishable
variable
cash discounts
price earnings ratios
44. When several percentages occur in successions.
Extremes
Compounded
amortization period
term
45. Interest calculated on the principal plus any accumulated interest
compounded interest
compounded sem-annually
preference shares
sales tax
46. Will not decay or rot
residual value
Cube Volume
purchase specification
nonperishable
47. The total of units multiplied by the price
extention
what are the two main types of shares
cross-footing
statistic
48. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
assets
yield percentage
compounded sem-annually
Quick Ratio
49. Something that is expected to return a profit
investment
net capitalized cost
compounded interest
physical inventory
50. Scaling factor based on yield
desired yield
population
Liquidity of Assets
risk
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