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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. The most frequently occuring value in a group of data
what are the two types of interest
Consequent
foreclosure
mode
2. A percentage discount to customers
compounded interest
special discounts
Quick Ratio
peak hours
3. The highest number in a group of data
maximum
cash discounts
statistic
Current Ratio
4. The amount of money borrowed is less than 75% of the purchase price
conventional mortgage
lessee
cash discounts
retired or amortized
5. The number of sales / number of covers
yield percentage
average cover formula
Cylinder Volume
loan
6. The interest amount is small - but you are guaranteed to get something
cover
simple interest
collateral
low risk investment
7. Outside numbers in a ratio.
Extremes
population
weighted average
nonperishable
8. One thousand grams - thousand
low risk investment
Kilo-
mode
List price
9. Total amount before another amount is added or subtracted
production sheet
Subtotal
stores
Cone Volume
10. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
Cube Volume
Lowest common denominator
assets
purchase specification
11. The point at which you stop losing money.
part
cooking loss test
Break Even Point
Milli-
12. Money given to someone on condition the person will return the money and interest by a specific date
Average Collection Turnover
residual value
on sale
loan
13. Number calculated from population data
forecasting
stores
multi modal
parameter
14. The number by which a dividend is divided
Divisor
coupon
what are the three items that may have to be subracted from the gross return figure when calculating net return
part
15. Shows the money coming in and expenses for a certain period of time.
income statement
population
front-loaded
retired or amortized
16. A measure of the number of days needed to collect accounts receivable.
Average Collection Turnover
deci-
List price
standardized recipe
17. A chart showing the lines of responsibility between departments of a large organization
multi modal
retired or amortized
compounded quarterly
organization chart
18. The number to be divided by
statistic
dividend
cash flow
peak hours
19. Sheet that lists all menu items that are going - to be prepared for a given date
variable cost
production sheet
Direct variable cost
Current Ratio
20. The difference between the highest and lowest numbers in a set of data
range
proportion
median
retired or amortized
21. The original cost of an item
List price
high risk investment
sensitivity analysis
coupon
22. 0.01 - 1/100 - hundredth
Base
range
Centi-
cross multiply
23. Special hours of work regulations in several industries exempt or set different standards for certain employees
desired yield
standard employee hours
Inventory Turnover
capital cost allowance
24. The variable of the percentage formula that represents 100% - or the whole thing.
Quick Ratio
what are the two types of interest
shares
Base
25. Adding columns of figures horizontally and vertically to check that the totals agree
special discounts
Cone Volume
production sheet
cross-footing
26. Paid dividends after the preference shares have been paid
Antecedent
common shares
front-loaded
statistic
27. Amounts of money you owe
sample
liabilities
dividend
variable cost
28. A comparison of two numbers
mean
income statement
Quick Ratio
ratio
29. A paper that entitles the holder to a discount on a particular item
prime cost
amortization period
Volume Formula
coupon
30. Simple and compound
Dividend
what are the two types of interest
Denominator
compounded sem-annually
31. Costs that remain constant
Cost control
fixed costs
ratio
Fixed cost
32. A cost that does not change - no matter how much of a good is produced
Fixed cost
shares
Current Assets
standard employee hours
33. You may get a large return or get nothing
investment
Volume Formula
high risk investment
semi variable cost
34. Used when the each piece of data has more than one component
weighted average
what are the three items that may have to be subracted from the gross return figure when calculating net return
statistic
semi variable cost
35. Shows the assets - liabilities and financial position of the company
Means
Compounded
cash discounts
balance sheet
36. Interest is paid twice a year
compounded sem-annually
Subtotal
Fixed cost
save
37. The lender
Average Collection Turnover
operational plan
mortgagee
List price
38. Tenth - .1
population
deci-
desired yield
what are the three items that may have to be subracted from the gross return figure when calculating net return
39. The divisor of a fraction
constant
mortgage
Base
Denominator
40. An item of data the stays the same
trade discount
amortization period
constant
part
41. Current assets/ current liabilities
Current Ratio
what are the two main types of shares
physical inventory
collateral
42. 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
bonds
two methods calculators use to process information
Inventory Turnover
43. The length of time until the debt is zero
physical inventory
Rate
amortization period
requisition
44. The property of having material worth (often indicated by the amount of money something would bring if sold)
Cost
Base
Trade Credit
mode
45. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
requisition
overhead cost
Cone Volume
Antecedent
46. A statement made about the future
residual value
Liter
forecasting
List price
47. Cash or assets that can quickly be converted into cash.
Current Assets
what are the two types of interest
dupe
dividend
48.
degree celsius
minimum
Gram
common shares
49. A decimal system of weights and measures based on the meter and the kilogram and the second
Metric system
Gram
capital cost allowance
Antecedent
50. The amount of money borrowed is between 75% - 95% of the purchase price
divisor
perishable
high-ratio mortgage
balance sheet