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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. Way to measure amount of product shrinkage during cooking/roasting process
weighted average
cooking loss test
Gram
residual value
2. The majority of the early payments go toward paying the interest on the loan
balance sheet
high-ratio mortgage
production sheet
front-loaded
3. Parts of a whole number
Break Even Point Formula
forecasting
trade discount
fractions
4. Costs that remain constant
operational plan
fixed costs
high-ratio mortgage
sales tax
5. Real estate (houses - condos - warehouses - factories - etc)
investment
balance sheet
front-loaded
real property
6. The point at which you stop losing money.
average cover formula
Average Daily Sales
standardized recipe
Break Even Point
7. The number by which a dividend is divided
population
nonperishable
compounded daily
Divisor
8. A percentage discount to customers
amortization schedule
multi modal
special discounts
Antecedent
9. V = pir2h
investment
Average Collection Turnover
cover
Cylinder Volume
10. Will not decay or rot
purchase specification
multiplicand
nonperishable
balance sheet
11. Two equivalent ratios joined by an equal sign.
popularity index
Borrow
purchase specification
Proportion
12. First term in a ratio.
capital cost allowance
divisor
Antecedent
data
13.
sales commission
degree celsius
what are the two main types of shares
E.O.M
14. The divisor of a fraction
Denominator
personal property
operational plan
yield percentage
15. A paper that entitles the holder to a discount on a particular item
standard portion size
dupe
coupon
yield percentage
16. A way of expressing a change from an original amount to a new amount without using a percentage sign.
personal property
percentage points
identify the four helpful calculating tools
popularity index
17. Direct materials cost plus direct labor cost.
prime cost
save
dividend
mortgage
18. A decrease in price or value
cross-footing
foreign currency exchange
Depreciation
Cube Volume
19. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
compounded quarterly
overhead cost
desired yield
physical inventory
20. Multiply cross products to solve (top x bottom = top x bottom)
Trade Credit
net capitalized cost
amortization schedule
cross multiply
21. N. items or materials needed for something such as a business - expedition - or vessel
divisor
Means
stores
mode
22. Algebraic - arithmetic
purchase specification
E.O.M
standardized recipe
two methods calculators use to process information
23. The number to be divided by
dividend
minimum
Centi-
median
24. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
purchase specification
Rate
Inventory Turnover
Average Daily Sales
25. A measure of the number of days needed to collect accounts receivable.
lessor
Average Collection Turnover
multiplicand
compounded monthly
26. Shows the assets - liabilities and financial position of the company
balance sheet
retired or amortized
dividend
sales history
27. Used often by business management to analyze the financial position of the business.
constant
Means
lessee
Ratio Analysis
28. When two ratios are equal
data
deci-
proportion
simple interest
29. The length of the loan
Base
term
Break Even Point Formula
overhead cost
30. Where info is collected for every unit of the population
Inventory Turnover
complete enumeration survey
identify the four helpful calculating tools
Break Even Point
31. Adding columns of figures horizontally and vertically to check that the totals agree
maximum
cross-footing
balance sheet
interest
32. Per day
Inventory Turnover
mode
per diem
Cost
33. An item of data the stays the same
constant
requisition
simple interest
directs
34. Preference and common
physical inventory
what are the two main types of shares
median
Antecedent
35. A rate that one currency can be exchanged for another
foreign currency exchange
capital cost allowance
two methods calculators use to process information
mortgagor
36. Part ownership in a company
amortization period
shares
Current Assets
FIFO method
37. Non-payment
default
Average Collection Turnover
data
invoice
38. Paid in full
Divisor
retired or amortized
sales history
low risk investment
39. The property of having material worth (often indicated by the amount of money something would bring if sold)
Cost
assets
lessor
Percent
40. Interest is paid once a year
two methods calculators use to process information
sales history
real property
compounded annually
41. 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
standard portion size
requisition
edible portion (EP) amount
42. The total of units multiplied by the price
income statement
extention
define:money factor
overhead cost
43. Suggested Retail Price
Inventory Turnover
List Price
mortgagor
divisor
44. 1 ounce or less per guest
standard portion size
identify the four helpful calculating tools
Break Even Point
balance sheet
45. Paid dividends after the preference shares have been paid
standard employee hours
Quick Ratio
common shares
maximum
46. Liable to perish
Metric system
low risk investment
data
perishable
47. V = 1/3 pir2h
Liquidity of Assets
balance sheet
Cone Volume
Gram
48. The unexpected variablility of returns
Conversion factor
multiplicand
risk
percentage points
49. Share of the profits of a company
dividend
Inventory Turnover
proportion
Trade Credit
50. The amount that can actually be eaten - after trimming and cooking
lease
sales commission
edible portion (EP) amount
average wholesale price AWP