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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. Used when the each piece of data has more than one component
weighted average
real property
lessor
percentage points
2. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
physical inventory
Depreciation
Net Price
variable costs
3. A cost that rises or falls depending on how much is produced
sample
variable cost
dupe
sales commission
4. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
Borrow
bottom line figures
perpetual inventory
degree celsius
5. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
Cylinder Volume
coupon
chain discounts
yield percentage
6. The final figures
compounded quarterly
bottom line figures
assets
bonds
7. Liable to perish
sales tax
standard employee hours
perishable
preference shares
8. Cost associated with fixed expenses such as rent - debt service and administration.
Inventory Turnover
overhead cost
two methods calculators use to process information
Dividend
9. A comparison of two numbers
parameter
yield percentage
ratio
minimum
10. 3am or 4am when most people are in a deep sleep.
high risk investment
peak hours
sales history
Consequent
11. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
numerator
compounded daily
operational plan
percent sign
12. More than one frequently occuring value in a group of data
degree celsius
multi modal
edible portion (EP) amount
Trade Credit
13. Systematic recording of all sales achieved during a predetermined time period
preference shares
Cube Volume
sales history
net capitalized cost
14. The length of the loan
sensitivity analysis
high risk investment
special discounts
term
15. A complete set of individuals - objects or scores being studied
sensitivity analysis
degree celsius
population
Trade Discount
16. A person who is tricked or swindled
Compounded
Average Daily Sales
special discounts
dupe
17. The lowest number in a group of data
cash flow
desired yield
Antecedent
minimum
18. 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.
break even point
net capitalized cost
Rate
deci-
19. A decrease in price or value
amortization schedule
Depreciation
Liquidity of Assets
Complement
20. Discounts offered to encourage customers to pay their bills on time
what are the three items that may have to be subracted from the gross return figure when calculating net return
purchase specification
population
cash discounts
21. The most frequently occuring value in a group of data
mode
Kilo-
Rate
amortization schedule
22. Simple and compound
multiplicand
price earnings ratios
minimum
what are the two types of interest
23. Per day
per diem
front-loaded
variable cost
Cost
24. Scaling factor based on yield
Lowest common denominator
desired yield
standard portion cost
complete enumeration survey
25. A series of discounts
Cone Volume
residual value
bonds
chain discounts
26. # of servings of an item / total number of servings of all items in that category each day
popularity index
Ratio
statistic
foreign currency exchange
27. N. items or materials needed for something such as a business - expedition - or vessel
compounded sem-annually
overhead cost
high risk investment
stores
28. The number to be divided by
dividend
ratio
popularity index
parameter
29. The info collected from a survey and the figures generated through statistical analysis
fixed costs
data
sample
Compounded
30. Preference and common
Trade Credit
amortization period
cooking loss test
what are the two main types of shares
31. Accounts receivable/ average daily sales
sample
Metric system
Liter
Average Collection Turnover
32. An item of data the stays the same
Ratio
constant
identify the four helpful calculating tools
edible portion (EP) amount
33. Special hours of work regulations in several industries exempt or set different standards for certain employees
standard employee hours
minimum
common shares
purchase specification
34. V = pir2h
Cylinder Volume
sales history
yield percentage
dupe
35. The number of sales / number of covers
average cover formula
Percent
purchase specification
discount
36. A rate that one currency can be exchanged for another
per diem
foreign currency exchange
compounded quarterly
conventional mortgage
37. Money given to someone on condition the person will return the money and interest by a specific date
loan
perpetual inventory
Denominator
assets
38. V = 1/3 pir2h
Cost control
population
Cone Volume
Kilo-
39. Deciding if its worth the risk
high-ratio mortgage
percentage points
bonds
sensitivity analysis
40. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
sensitivity analysis
minimum
Means
41. The point where income and expenses intersect (no loss or profit)
Average Collection Turnover
interest
break even point
assets
42. An itemized statement of money owed for goods shipped or services rendered
balance sheet
residual value
invoice
FIFO method
43. A number calculated from sample data
statistic
Cube Volume
multiplier
standard portion size
44. Tenth - .1
cooking loss test
maximum
deci-
employee turnover
45. The unexpected variablility of returns
risk
part
assets
per diem
46. Amounts of money you owe
compounded monthly
sales history
real property
liabilities
47. Paid dividends after the preference shares have been paid
standard employee hours
multi modal
common shares
Quick Ratio
48. The variable of the percentage formula that represents 100% - or the whole thing.
Base
special discounts
standardized recipe
Net Price
49. The lender
peak hours
mortgagee
cover
compounded quarterly
50. Costs that fluctuate
variable costs
percent sign
population
per diem