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. An item of data that has a different value at different times
List price
median
amortization period
variable
2. The first number
define:money factor
multiplicand
popularity index
simple interest
3. The length of the loan
variable costs
term
Divisor
Meter
4. V=lwh
Volume Formula
cash discounts
Quick Ratio
variable
5. When two ratios are equal
proportion
variable
Consequent
population
6. A chart that shows the balance of the mortgage after each amortization period
Ratio
dividend
amortization schedule
percentage points
7. An inventory costing method that assigns the most recent costs to ending inventory
conventional mortgage
Trade Discount
FIFO method
proportion
8. A measure of the number of days needed to collect accounts receivable.
Average Collection Turnover
Proportion
sensitivity analysis
Trade Discount
9. Commission fee - inflation rate - capital gains tax
on sale
per diem
what are the three items that may have to be subracted from the gross return figure when calculating net return
Antecedent
10. (simple average) adding the group of items and dividing by the total number of items
multiplier
discount
mean
mortgagee
11. Total fixed costs/ selling price-variable cost
fixed costs
E.O.M
define:money factor
Break Even Point Formula
12. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
physical inventory
Lowest common denominator
edible portion (EP) amount
high risk investment
13. Identifies short-term activities to implement strategic plans
Kilo-
requisition
mode
operational plan
14. The property of having material worth (often indicated by the amount of money something would bring if sold)
on sale
Antecedent
Cost
retired or amortized
15. A comparison of two numbers
Liquidity of Assets
constant
Fixed cost
ratio
16. To not spend
production sheet
save
constant
invoice
17. Deciding if its worth the risk
Consequent
Rate
Cone Volume
sensitivity analysis
18. The interest amount is small - but you are guaranteed to get something
low risk investment
what are the three items that may have to be subracted from the gross return figure when calculating net return
capital cost allowance
median
19. Special hours of work regulations in several industries exempt or set different standards for certain employees
standard employee hours
Centi-
stores
multiplier
20. The depreciation of an asset as an expense
Proportion
capital cost allowance
Cost
proportion
21. Allows you to buy merchandise from a supplier and pay at a later - specified date.
Trade Credit
standard portion cost
front-loaded
common shares
22. Interest is paid four times a year
operational plan
compounded quarterly
invoice
mortgagee
23. 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.
loan
Rate
cross multiply
residual value
24. Will not decay or rot
nonperishable
sample
discount
two methods calculators use to process information
25. The price after any down-payment or trade-in
maximum
personal property
nonperishable
net capitalized cost
26. Costs that remain constant
investment
Ratio
fixed costs
overhead cost
27. Used when the each piece of data has more than one component
Average Collection Turnover
lessee
weighted average
Dividend
28. You may get a large return or get nothing
high risk investment
amortization schedule
cover
special discounts
29. A percentage discount to customers
compounded annually
real property
special discounts
loan
30. The process of repossessing and selling the real or personal property when the borrower has defaulted
popularity index
Liquidity of Assets
foreclosure
price earnings ratios
31. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
coupon
Meter
Cost
extention
32. A number calculated from sample data
statistic
risk
invoice
sensitivity analysis
33. The number by which a dividend is divided
complete enumeration survey
Ratio
per diem
Divisor
34. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
Cone Volume
Rate
Cylinder Volume
35. Simple and compound
what are the two types of interest
ratio
List price
median
36. The majority of the early payments go toward paying the interest on the loan
constant
Milli-
cooking loss test
front-loaded
37. Discounts offered to encourage customers to pay their bills on time
range
cash discounts
identify the four helpful calculating tools
Quick Ratio
38. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
requisition
standard employee hours
nonperishable
per diem
39. Security for a loan
balance sheet
sales tax
amortization period
collateral
40. Non-payment
retired or amortized
default
net capitalized cost
amortization period
41. Turning assets into cash.
minimum
Liquidity of Assets
risk
Ratio
42. A person who is tricked or swindled
sales tax
define:money factor
cross multiply
dupe
43. V = pir2h
Divisor
Centi-
Cylinder Volume
lessor
44. A bill
requisition
invoice
Average Daily Sales
foreign currency exchange
45. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
Denominator
Percent
fractions
cooking loss test
46. Scaling factor based on yield
desired yield
forecasting
standard employee hours
cash discounts
47. Liable to perish
what are the two types of interest
perishable
yield percentage
constant
48. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
sales history
semi variable cost
variable cost
forecasting
49. Number calculated from population data
parameter
Liter
common shares
constant
50. The person paying to borrow property for a certain amount of time for payments
lessee
Gram
Trade Credit
operational plan