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Test your basic knowledge |
DSST Business Math Vocab
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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 owner of the property
lessor
amortization schedule
multiplicand
multi modal
2. Interest is paid once a year
compounded interest
compounded annually
fixed costs
high risk investment
3. Special hours of work regulations in several industries exempt or set different standards for certain employees
lessee
standard employee hours
Liquidity of Assets
cash discounts
4. Costs that remain constant
dividend
median
multi modal
fixed costs
5. The amount the property is worth at the end of the lease
trade discount
Centi-
Base
residual value
6. Manages; guides; controls; commands; tells or shows the way
minimum
income statement
directs
medium risk investment
7. # of servings of an item / total number of servings of all items in that category each day
Cost control
dividend
foreclosure
popularity index
8. A cost that does not change - no matter how much of a good is produced
liabilities
Average Daily Sales
Fixed cost
Divisor
9. Current assets/ current liabilities
Divisor
bottom line figures
Current Ratio
chain discounts
10. Interest is paid twelve times a year
chain discounts
popularity index
production sheet
compounded monthly
11. When several percentages occur in successions.
sensitivity analysis
parameter
term
Compounded
12. The new percent obtained by subtracting the change percent from 100%.
mortgagor
Complement
Percent
discount
13. A cost that rises or falls depending on how much is produced
percent
shares
Antecedent
variable cost
14. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
income statement
amortization period
List Price
Percent
15. The depreciation of an asset as an expense
term
invoice
cash discounts
capital cost allowance
16. A way of expressing a change from an original amount to a new amount without using a percentage sign.
per diem
sales history
percentage points
mortgage
17. Investing in a well-established company
Current Ratio
medium risk investment
compounded monthly
invoice
18. The most frequently occuring value in a group of data
mortgagee
compounded quarterly
mode
Gram
19. Where info is collected for every unit of the population
Trade Discount
Percent
complete enumeration survey
purchase specification
20. The score that falls in the middle
per diem
Break Even Point
median
Cone Volume
21. Money charged by the government and added to the original price of an item
median
minimum
ratio
sales tax
22. An item of data that has a different value at different times
variable
perpetual inventory
average wholesale price AWP
dividend
23. A person who is tricked or swindled
break even point
dupe
personal property
percent sign
24. More than one frequently occuring value in a group of data
operational plan
multi modal
default
conventional mortgage
25. Cost of the an item/# of portions it contains.
standard portion cost
yield percentage
chain discounts
compounded interest
26. Get temporarily
real property
multiplier
Borrow
overhead cost
27. The point where income and expenses intersect (no loss or profit)
weighted average
median
break even point
proportion
28. Security for a loan
collateral
dupe
amortization schedule
standardized recipe
29. Two equivalent ratios joined by an equal sign.
prime cost
variable cost
what are the three items that may have to be subracted from the gross return figure when calculating net return
Proportion
30. Allows you to buy merchandise from a supplier and pay at a later - specified date.
yield percentage
Trade Credit
liabilities
physical inventory
31. 1 ounce or less per guest
standard portion size
Net Price
Cost control
percentage points
32. Interest is paid four times a year
preference shares
statistic
compounded quarterly
cross-footing
33. The lowest number in a group of data
Milli-
sensitivity analysis
minimum
high risk investment
34. Used when the each piece of data has more than one component
conventional mortgage
Antecedent
special discounts
weighted average
35. The amount that can actually be eaten - after trimming and cooking
Conversion factor
amortization schedule
edible portion (EP) amount
Borrow
36. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
employee turnover
dividend
semi variable cost
Conversion factor
37. Way to measure amount of product shrinkage during cooking/roasting process
loan
Rate
cooking loss test
standard portion cost
38. The total of units multiplied by the price
coupon
extention
Current Ratio
production sheet
39. (simple average) adding the group of items and dividing by the total number of items
compounded daily
Milli-
mean
population
40. The point at which you stop losing money.
what are the three items that may have to be subracted from the gross return figure when calculating net return
low risk investment
sensitivity analysis
Break Even Point
41. The property of having material worth (often indicated by the amount of money something would bring if sold)
what are the three items that may have to be subracted from the gross return figure when calculating net return
Cost
Fixed cost
lessee
42. Real estate (houses - condos - warehouses - factories - etc)
Liter
percent
real property
Milli-
43. Part ownership in a company
shares
Compounded
organization chart
Cone Volume
44. The amount of money borrowed is between 75% - 95% of the purchase price
percentage points
high-ratio mortgage
Compounded
Base
45. 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
coupon
Conversion factor
Kilo-
foreign currency exchange
46. The difference between the highest and lowest numbers in a set of data
range
coupon
compounded annually
mortgagee
47. The number you are multipliying by
yield percentage
numerator
Consequent
multiplier
48. Multiply cross products to solve (top x bottom = top x bottom)
multi modal
real property
cross multiply
mortgage
49. An inventory costing method that assigns the most recent costs to ending inventory
compounded quarterly
interest
FIFO method
production sheet
50. Deciding if its worth the risk
sensitivity analysis
special discounts
statistic
edible portion (EP) amount
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