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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. Provide a specific dividend that is paid before any dividends are paid to common stock holders
Average Collection Turnover
Liter
weighted average
preference shares
2. Share of the profits of a company
per diem
dividend
compounded sem-annually
ratio
3. 1 ounce or less per guest
liabilities
investment
standard portion size
dividend
4. The difference between the highest and lowest numbers in a set of data
identify the four helpful calculating tools
range
standard portion size
low risk investment
5. Systematic recording of all sales achieved during a predetermined time period
variable cost
retired or amortized
sales history
Liquidity of Assets
6. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
discount
on sale
dupe
Percent
7. Property other than real estate (often called a chattel mortgage)
cash flow
personal property
amortization period
price earnings ratios
8. 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
compounded annually
fixed costs
average wholesale price AWP
9. Adding columns of figures horizontally and vertically to check that the totals agree
Average Collection Turnover
cross-footing
compounded daily
front-loaded
10. The most frequently occuring value in a group of data
net capitalized cost
overtime
mode
variable cost
11. A decrease in price or value
shares
purchase specification
percent
Depreciation
12. The unexpected variablility of returns
Inventory Turnover
risk
fractions
foreign currency exchange
13. Amount of money coming in and going out of your business monthly
price earnings ratios
foreclosure
cash flow
Average Daily Sales
14. A complete set of individuals - objects or scores being studied
population
personal property
cash discounts
retired or amortized
15. Tenth - .1
deci-
income statement
percent sign
Lowest common denominator
16. The part of a fraction above the line - which tells how many parts are being counted.
amortization period
trade discount
numerator
List Price
17. The point at which you stop losing money.
Net Price
cash discounts
Depreciation
Break Even Point
18. An itemized statement of money owed for goods shipped or services rendered
maximum
compounded interest
percent sign
invoice
19. Be sufficient to meet - defray - or offset the charge or cost of
loan
Compounded
Break Even Point
cover
20. The point where income and expenses intersect (no loss or profit)
standardized recipe
conventional mortgage
identify the four helpful calculating tools
break even point
21. When an item is discounted or less than the original price
lease
extention
per diem
on sale
22. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
sales tax
simple interest
Borrow
perpetual inventory
23. Interest is paid 365 times a year
compounded daily
Break Even Point
List price
Antecedent
24. The variable of the percentage formula that represents a part of the base.
front-loaded
Subtotal
part
fractions
25. A way of expressing a change from an original amount to a new amount without using a percentage sign.
sample
dividend
per diem
percentage points
26. Interest calculated on the principle
fractions
multiplier
simple interest
Compounded
27. Costs that remain constant
define:money factor
fixed costs
compounded annually
Average Collection Turnover
28. Multiply cross products to solve (top x bottom = top x bottom)
cross multiply
average wholesale price AWP
Quick Ratio
invoice
29. The info collected from a survey and the figures generated through statistical analysis
retired or amortized
semi variable cost
data
invoice
30. Parts of a whole number
fractions
investment
personal property
p.a.
31. Two equivalent ratios joined by an equal sign.
Proportion
statistic
physical inventory
special discounts
32. Real estate (houses - condos - warehouses - factories - etc)
real property
cooking loss test
preference shares
List price
33. Amounts of money you owe
purchase specification
liabilities
assets
Net Price
34. Cost of the an item/# of portions it contains.
directs
Inventory Turnover
standard portion cost
mortgagor
35. Used when the each piece of data has more than one component
Average Collection Turnover
Lowest common denominator
dividend
weighted average
36. Current assets/ current liabilities
Current Ratio
median
low risk investment
production sheet
37. A decimal system of weights and measures based on the meter and the kilogram and the second
mortgagor
complete enumeration survey
Metric system
Trade Credit
38. A bill
Cube Volume
perishable
invoice
special discounts
39. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
requisition
Inventory Turnover
amortization schedule
Cone Volume
40. Scaling factor based on yield
high risk investment
Borrow
compounded monthly
desired yield
41. (simple average) adding the group of items and dividing by the total number of items
mean
risk
List Price
sensitivity analysis
42. Basic unit of volume in the metric system
income statement
Liter
dupe
Borrow
43. The money paid to an employee based on a percentage of their sales
Liquidity of Assets
special discounts
sales commission
Average Collection Turnover
44. # of servings of an item / total number of servings of all items in that category each day
liabilities
extention
investment
popularity index
45. Outside numbers in a ratio.
percent sign
Direct variable cost
Gram
Extremes
46. The divisor of a fraction
Average Collection Turnover
perishable
Denominator
Kilo-
47. A comparison of two numbers
ratio
Borrow
capital cost allowance
mortgage
48. More than one frequently occuring value in a group of data
Average Collection Turnover
common shares
Cube Volume
multi modal
49. Cash or assets that can quickly be converted into cash.
Current Assets
what are the three items that may have to be subracted from the gross return figure when calculating net return
cross-footing
default
50. One thousand grams - thousand
Kilo-
List price
physical inventory
lease