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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
break even point
standard portion size
Meter
Dividend
2. Multiply cross products to solve (top x bottom = top x bottom)
fractions
invoice
semi variable cost
cross multiply
3. A decimal figure when x by 2400 gives an approximate annual interest rate
variable
organization chart
conventional mortgage
define:money factor
4. More than one frequently occuring value in a group of data
net capitalized cost
Conversion factor
Volume Formula
multi modal
5. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
List price
variable costs
percent sign
shares
6. Property other than real estate (often called a chattel mortgage)
stores
personal property
Complement
Centi-
7. 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.
Percent
what are the three items that may have to be subracted from the gross return figure when calculating net return
medium risk investment
Rate
8. First term in a ratio.
lease
Antecedent
Rate
Centi-
9. When an item is discounted or less than the original price
prime cost
mortgagee
invoice
on sale
10. Manages; guides; controls; commands; tells or shows the way
organization chart
directs
proportion
extention
11. Keeping budgeted costs as close as possible to actual costs.
Cost control
Cone Volume
lessor
Depreciation
12. Parts of a whole number
discount
Milli-
fractions
stores
13. The number to be divided by
employee turnover
dividend
multiplier
foreclosure
14. Indicators of the confidence investors have in a company (the higher the better)
high-ratio mortgage
price earnings ratios
low risk investment
Dividend
15. Used often by business management to analyze the financial position of the business.
Ratio Analysis
prime cost
organization chart
invoice
16. A metric unit of weight equal to one thousandth of a kilogram
ratio
requisition
Gram
what are the two main types of shares
17. An item of data the stays the same
constant
Break Even Point
Percent
directs
18. (simple average) adding the group of items and dividing by the total number of items
production sheet
bottom line figures
compounded monthly
mean
19. The amount the property is worth at the end of the lease
Consequent
residual value
what are the two main types of shares
Volume Formula
20. The unexpected variablility of returns
risk
Conversion factor
Current Ratio
Kilo-
21. Real estate (houses - condos - warehouses - factories - etc)
save
mean
real property
numerator
22. The lender
mortgagee
stores
Means
Extremes
23. Two equivalent ratios joined by an equal sign.
multiplicand
Proportion
Average Collection Turnover
operational plan
24. A rate that one currency can be exchanged for another
foreign currency exchange
Gram
common shares
Liquidity of Assets
25. Tenth - .1
cover
stores
deci-
ratio
26. A chart showing the lines of responsibility between departments of a large organization
balance sheet
organization chart
List price
investment
27. Amount of money coming in and going out of your business monthly
cash flow
perishable
mortgagor
multiplicand
28. The info collected from a survey and the figures generated through statistical analysis
cash discounts
collateral
physical inventory
data
29. A statement made about the future
Centi-
median
parameter
forecasting
30. Interest is paid twelve times a year
retired or amortized
compounded monthly
risk
sensitivity analysis
31. A portion of the population being studied
sample
cover
cooking loss test
two methods calculators use to process information
32. A percentage discount to customers
fractions
mortgagor
Extremes
special discounts
33. The length of the loan
term
cross multiply
shares
operational plan
34. Interest is paid 365 times a year
constant
compounded daily
price earnings ratios
Means
35. Shows the assets - liabilities and financial position of the company
mortgagor
compounded daily
Centi-
balance sheet
36. The amount of money borrowed is less than 75% of the purchase price
sales tax
conventional mortgage
Direct variable cost
Kilo-
37. The number you are dividing by
collateral
balance sheet
divisor
statistic
38. Costs that fluctuate
variable costs
Average Daily Sales
Rate
Current Ratio
39. Things you own
assets
nonperishable
semi variable cost
cross multiply
40. A series of discounts
chain discounts
mortgage
percent
standardized recipe
41. An itemized statement of money owed for goods shipped or services rendered
what are the two types of interest
Cylinder Volume
invoice
medium risk investment
42. Interest is paid four times a year
compounded quarterly
standardized recipe
Break Even Point Formula
loan
43. A percentage discount for buyers associated with the products being sold
maximum
compounded interest
Ratio Analysis
trade discount
44. Costs that remain constant
residual value
chain discounts
what are the two types of interest
fixed costs
45. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
range
overhead cost
standardized recipe
List Price
46. Allows you to buy merchandise from a supplier and pay at a later - specified date.
Trade Credit
compounded monthly
default
medium risk investment
47. Outside numbers in a ratio.
Extremes
conventional mortgage
compounded quarterly
parameter
48. Percentage of the list price.
Trade Discount
maximum
E.O.M
List Price
49. Cash + receivables/ current liabilities.
save
Quick Ratio
on sale
weighted average
50. The difference between the highest and lowest numbers in a set of data
range
FIFO method
overtime
sales tax