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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 number to be divided by another number
Gram
standardized recipe
Break Even Point Formula
Dividend
2. The length of the loan
proportion
price earnings ratios
simple interest
term
3. Cash + receivables/ current liabilities.
fractions
on sale
Quick Ratio
operational plan
4. A number calculated from sample data
balance sheet
preference shares
statistic
Extremes
5. A measure of the number of days needed to collect accounts receivable.
Average Collection Turnover
minimum
Liter
Net Price
6. A way of expressing a change from an original amount to a new amount without using a percentage sign.
requisition
maximum
low risk investment
percentage points
7. Commission fee - inflation rate - capital gains tax
what are the three items that may have to be subracted from the gross return figure when calculating net return
compounded annually
cash discounts
assets
8. A chart that shows the balance of the mortgage after each amortization period
trade discount
sample
amortization schedule
price earnings ratios
9. One thousand grams - thousand
physical inventory
weighted average
Kilo-
liabilities
10. Cost associated with fixed expenses such as rent - debt service and administration.
overhead cost
price earnings ratios
collateral
E.O.M
11. Total annual sales/365
standard portion size
invoice
Borrow
Average Daily Sales
12. V = pir2h
Current Assets
organization chart
Cylinder Volume
Break Even Point
13. Scaling factor based on yield
Milli-
desired yield
sales tax
average cover formula
14. Money given to someone on condition the person will return the money and interest by a specific date
Ratio Analysis
loan
bottom line figures
complete enumeration survey
15. Paid dividends after the preference shares have been paid
sales tax
dividend
common shares
percent sign
16. A cost that rises or falls depending on how much is produced
Trade Credit
income statement
foreign currency exchange
variable cost
17. The majority of the early payments go toward paying the interest on the loan
variable costs
Milli-
invoice
front-loaded
18.
maximum
degree celsius
trade discount
sensitivity analysis
19. A chart showing the lines of responsibility between departments of a large organization
organization chart
extention
cash discounts
high risk investment
20. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
yield percentage
Fixed cost
special discounts
high-ratio mortgage
21. The highest number in a group of data
overtime
Conversion factor
break even point
maximum
22. Interest calculated on the principle
overtime
simple interest
variable costs
p.a.
23. Of one hundred
Subtotal
compounded interest
percent
perishable
24. The final figures
Metric system
special discounts
trade discount
bottom line figures
25. The process of repossessing and selling the real or personal property when the borrower has defaulted
foreclosure
variable
Average Daily Sales
coupon
26. Non-payment
Percent
mortgagor
Milli-
default
27. N. items or materials needed for something such as a business - expedition - or vessel
popularity index
cross multiply
nonperishable
stores
28. Accounts receivable/ average daily sales
Rate
compounded daily
Average Collection Turnover
population
29. Used when the each piece of data has more than one component
Fixed cost
prime cost
Cube Volume
weighted average
30. A comparison of two numbers
medium risk investment
identify the four helpful calculating tools
ratio
compounded quarterly
31. Deciding if its worth the risk
sensitivity analysis
lessor
dupe
Rate
32. Second term in a ratio.
edible portion (EP) amount
Complement
Consequent
loan
33. Interest is paid twelve times a year
preference shares
Percent
Centi-
compounded monthly
34. # of servings of an item / total number of servings of all items in that category each day
Cost control
Trade Discount
discount
popularity index
35. Turning assets into cash.
Liquidity of Assets
coupon
mean
common shares
36. Allows you to buy merchandise from a supplier and pay at a later - specified date.
Trade Credit
what are the two main types of shares
yield percentage
save
37. Compares two numbers or quantities by using division.
complete enumeration survey
desired yield
Ratio
foreclosure
38. V = 1/3 pir2h
common shares
Cone Volume
Cost control
compounded monthly
39. A decimal system of weights and measures based on the meter and the kilogram and the second
Metric system
Lowest common denominator
variable cost
high risk investment
40. You may get a large return or get nothing
variable
high risk investment
dividend
residual value
41. Number calculated from population data
sample
front-loaded
what are the two types of interest
parameter
42. Simple and compound
risk
loan
what are the two types of interest
Milli-
43. Preference and common
lessor
Divisor
what are the two main types of shares
dividend
44. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
cooking loss test
special discounts
weighted average
semi variable cost
45. Electronic - portable (pocket) - computer - spreadsheets
identify the four helpful calculating tools
ratio
Dividend
Current Ratio
46. Parts of a whole number
discount
mortgagor
fractions
compounded annually
47. The amount of money borrowed is less than 75% of the purchase price
Kilo-
E.O.M
conventional mortgage
dividend
48. Total fixed costs/ selling price-variable cost
special discounts
on sale
Break Even Point Formula
medium risk investment
49. The amount of money borrowed is between 75% - 95% of the purchase price
front-loaded
assets
high-ratio mortgage
liabilities
50. A decrease in price or value
Break Even Point
Depreciation
sales commission
dividend