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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. Money given to someone on condition the person will return the money and interest by a specific date
income statement
parameter
loan
Average Daily Sales
2. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
net capitalized cost
stores
proportion
average wholesale price AWP
3. A comparison of two numbers
Proportion
Quick Ratio
deci-
ratio
4. A decimal system of weights and measures based on the meter and the kilogram and the second
Complement
Metric system
personal property
Depreciation
5. The point at which you stop losing money.
identify the four helpful calculating tools
mortgagee
medium risk investment
Break Even Point
6. The smallest number - other than zero - that can be the denominator for two or more common fractions
compounded sem-annually
what are the two main types of shares
overhead cost
Lowest common denominator
7. A decimal figure when x by 2400 gives an approximate annual interest rate
real property
invoice
define:money factor
Kilo-
8. V = 1/3 pir2h
Trade Credit
Subtotal
residual value
Cone Volume
9. The first number
compounded daily
multiplicand
Extremes
cash flow
10. Interest is paid four times a year
dividend
overtime
population
compounded quarterly
11. A paper that entitles the holder to a discount on a particular item
Trade Credit
physical inventory
coupon
income statement
12. Time worked beyond the established working hours
compounded interest
sales tax
overtime
sensitivity analysis
13. Total fixed costs/ selling price-variable cost
requisition
multiplicand
Break Even Point Formula
Cube Volume
14. A way of expressing a change from an original amount to a new amount without using a percentage sign.
Current Assets
liabilities
dupe
percentage points
15. The borrower
standard portion size
mortgagor
perpetual inventory
Kilo-
16. Scaling factor based on yield
overtime
Meter
multiplier
desired yield
17. The process of repossessing and selling the real or personal property when the borrower has defaulted
liabilities
Direct variable cost
mode
foreclosure
18. Preference and common
what are the two main types of shares
Lowest common denominator
what are the two types of interest
chain discounts
19. Manages; guides; controls; commands; tells or shows the way
variable costs
Centi-
directs
coupon
20. A complete set of individuals - objects or scores being studied
population
shares
overtime
production sheet
21. The interest amount is small - but you are guaranteed to get something
per diem
low risk investment
invoice
FIFO method
22. The difference between the highest and lowest numbers in a set of data
lease
employee turnover
range
population
23. When an item is discounted or less than the original price
ratio
multiplicand
invoice
on sale
24. To take away from the original cost of something
front-loaded
multi modal
discount
maximum
25. The lowest number in a group of data
data
numerator
minimum
overtime
26. Interest calculated on the principle
medium risk investment
Subtotal
discount
simple interest
27. Adding columns of figures horizontally and vertically to check that the totals agree
operational plan
Divisor
cross-footing
E.O.M
28. The amount that can actually be eaten - after trimming and cooking
Proportion
edible portion (EP) amount
Trade Credit
ratio
29. One thousand grams - thousand
Kilo-
Break Even Point
Cost control
purchase specification
30. A number calculated from sample data
nonperishable
extention
Cube Volume
statistic
31. A percentage discount for buyers associated with the products being sold
Means
Base
medium risk investment
trade discount
32. A series of discounts
maximum
break even point
chain discounts
Extremes
33. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
standardized recipe
cash discounts
collateral
sample
34. Multiply cross products to solve (top x bottom = top x bottom)
p.a.
cross multiply
cover
divisor
35. The length of time until the debt is zero
Kilo-
amortization period
what are the three items that may have to be subracted from the gross return figure when calculating net return
medium risk investment
36. Amounts of money you owe
liabilities
amortization period
sample
deci-
37. 1 ounce or less per guest
stores
term
standard portion size
cooking loss test
38. The final figures
investment
prime cost
population
bottom line figures
39. Basic unit of volume in the metric system
Liter
sensitivity analysis
what are the three items that may have to be subracted from the gross return figure when calculating net return
nonperishable
40. End of month.
E.O.M
Break Even Point
preference shares
compounded sem-annually
41. A chart showing the lines of responsibility between departments of a large organization
organization chart
dividend
variable costs
percentage points
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
stores
peak hours
compounded quarterly
43. Used when the each piece of data has more than one component
Trade Discount
divisor
weighted average
liabilities
44. Way to measure amount of product shrinkage during cooking/roasting process
cooking loss test
Ratio
compounded daily
minimum
45. Suggested Retail Price
Volume Formula
List Price
assets
Rate
46. An item of data that has a different value at different times
medium risk investment
desired yield
variable
forecasting
47. Per annum - yearly
lessee
desired yield
interest
p.a.
48. The unexpected variablility of returns
statistic
lease
liabilities
risk
49. An inventory costing method that assigns the most recent costs to ending inventory
Means
preference shares
FIFO method
population
50. A decrease in price or value
Depreciation
List Price
sample
high risk investment
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