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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. Basic unit of volume in the metric system
proportion
Dividend
sample
Liter
2. The process of repossessing and selling the real or personal property when the borrower has defaulted
Dividend
foreclosure
trade discount
compounded interest
3. V = pir2h
medium risk investment
trade discount
mean
Cylinder Volume
4. A series of discounts
chain discounts
Cost
dividend
Cone Volume
5. Interest is paid 365 times a year
Centi-
compounded daily
Ratio Analysis
Metric system
6. A decrease in price or value
Liter
mortgagee
low risk investment
Depreciation
7. A paper that entitles the holder to a discount on a particular item
Average Collection Turnover
Conversion factor
discount
coupon
8. Non-payment
variable costs
weighted average
default
medium risk investment
9. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
Cone Volume
Liter
standardized recipe
prime cost
10. One thousand grams - thousand
price earnings ratios
Cone Volume
personal property
Kilo-
11. Tenth - .1
deci-
Quick Ratio
Average Collection Turnover
popularity index
12. Shows the money coming in and expenses for a certain period of time.
numerator
high-ratio mortgage
income statement
variable
13. The number to be divided by
Subtotal
income statement
dividend
Proportion
14. The owner of the property
on sale
dividend
p.a.
lessor
15. The total of units multiplied by the price
physical inventory
conventional mortgage
term
extention
16. Be sufficient to meet - defray - or offset the charge or cost of
cover
Net Price
mode
real property
17. An itemized statement of money owed for goods shipped or services rendered
mortgagee
Proportion
invoice
complete enumeration survey
18. (simple average) adding the group of items and dividing by the total number of items
standard employee hours
mean
bottom line figures
percent sign
19. Deciding if its worth the risk
sensitivity analysis
Cost control
cash discounts
Proportion
20. A metric unit of weight equal to one thousandth of a kilogram
Gram
p.a.
Percent
what are the two types of interest
21. A rate that one currency can be exchanged for another
foreign currency exchange
loan
dividend
simple interest
22. Outside numbers in a ratio.
standard portion cost
Extremes
standardized recipe
standard portion size
23. The original cost of an item
ratio
Means
List price
employee turnover
24. Second term in a ratio.
cover
Consequent
standard portion size
Means
25. 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
high risk investment
income statement
balance sheet
26. An inventory costing method that assigns the most recent costs to ending inventory
production sheet
define:money factor
Kilo-
FIFO method
27. Used when the each piece of data has more than one component
break even point
cross-footing
weighted average
mortgagee
28. Costs that remain constant
yield percentage
trade discount
capital cost allowance
fixed costs
29. The difference between the highest and lowest numbers in a set of data
what are the two main types of shares
variable costs
standardized recipe
range
30. A decimal figure when x by 2400 gives an approximate annual interest rate
employee turnover
define:money factor
Current Assets
prime cost
31. The divisor of a fraction
retired or amortized
Denominator
Lowest common denominator
deci-
32. The part of a fraction above the line - which tells how many parts are being counted.
Liquidity of Assets
nonperishable
numerator
production sheet
33. When an item is discounted or less than the original price
save
on sale
Cone Volume
minimum
34. The amount that can actually be eaten - after trimming and cooking
employee turnover
edible portion (EP) amount
perishable
multiplicand
35. The most frequently occuring value in a group of data
Current Ratio
mode
numerator
Denominator
36. Interest is paid twelve times a year
employee turnover
E.O.M
investment
compounded monthly
37. The first number
define:money factor
multiplicand
Average Collection Turnover
extention
38. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
purchase specification
chain discounts
Current Ratio
percent sign
39. The length of the loan
residual value
term
standard portion cost
range
40. Keeping budgeted costs as close as possible to actual costs.
Inventory Turnover
Cost control
sales history
Dividend
41. Security for a loan
sensitivity analysis
collateral
nonperishable
Subtotal
42. Simple and compound
what are the two types of interest
peak hours
Direct variable cost
standard portion cost
43. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
average wholesale price AWP
operational plan
high risk investment
Break Even Point
44. Indicators of the confidence investors have in a company (the higher the better)
price earnings ratios
capital cost allowance
Current Ratio
cash flow
45. Used often by business management to analyze the financial position of the business.
Complement
overhead cost
Ratio Analysis
standard portion size
46. Interest is paid once a year
Dividend
bottom line figures
compounded annually
cover
47. Discounts offered to encourage customers to pay their bills on time
cash discounts
define:money factor
Quick Ratio
medium risk investment
48. A decimal system of weights and measures based on the meter and the kilogram and the second
multi modal
interest
special discounts
Metric system
49. Interest is paid twice a year
semi variable cost
yield percentage
compounded sem-annually
nonperishable
50. Of one hundred
popularity index
overtime
percent
compounded sem-annually