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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. Shows the money coming in and expenses for a certain period of time.
income statement
cover
mortgagee
net capitalized cost
2. Number calculated from population data
front-loaded
parameter
part
Liquidity of Assets
3. An inventory costing method that assigns the most recent costs to ending inventory
FIFO method
Denominator
employee turnover
Antecedent
4. Provide a specific dividend that is paid before any dividends are paid to common stock holders
preference shares
Lowest common denominator
compounded daily
standardized recipe
5. The money paid to an employee based on a percentage of their sales
weighted average
standard portion size
variable cost
sales commission
6. A series of discounts
List Price
Cone Volume
part
chain discounts
7. Commission fee - inflation rate - capital gains tax
Fixed cost
Divisor
what are the three items that may have to be subracted from the gross return figure when calculating net return
ratio
8. The unexpected variablility of returns
Cylinder Volume
compounded interest
two methods calculators use to process information
risk
9. An item of data that has a different value at different times
variable
popularity index
desired yield
perpetual inventory
10. Total annual sales/365
Break Even Point Formula
Cube Volume
edible portion (EP) amount
Average Daily Sales
11. Money earned on an investment or paid on a loan
sales history
interest
Dividend
dividend
12. The lender
degree celsius
parameter
requisition
mortgagee
13. Costs that fluctuate
percentage points
variable costs
E.O.M
standard portion size
14. The first number
trade discount
multiplicand
Liter
standard employee hours
15. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
collateral
deci-
Denominator
16. When two ratios are equal
proportion
Break Even Point Formula
Milli-
conventional mortgage
17. Will not decay or rot
Centi-
nonperishable
mode
Current Assets
18. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
common shares
requisition
on sale
mortgage
19. Cash + receivables/ current liabilities.
Quick Ratio
high risk investment
collateral
mean
20. A comparison of two numbers
median
ratio
Denominator
loan
21. Percentage of the list price.
Trade Discount
term
Cost
net capitalized cost
22. Inside numbers in a ratio.
Means
Conversion factor
investment
average cover formula
23. Security for a loan
simple interest
employee turnover
collateral
multiplier
24. Of one hundred
parameter
compounded interest
percent
divisor
25. Paid in full
cross-footing
investment
Liter
retired or amortized
26. Used often by business management to analyze the financial position of the business.
Ratio Analysis
Denominator
sensitivity analysis
liabilities
27. The lowest number in a group of data
Cone Volume
minimum
compounded interest
front-loaded
28. V = e 3
Compounded
compounded annually
Cube Volume
break even point
29. A cost that rises or falls depending on how much is produced
preference shares
variable cost
Net Price
sensitivity analysis
30. 3am or 4am when most people are in a deep sleep.
cash discounts
organization chart
minimum
peak hours
31. Interest is paid twice a year
compounded sem-annually
Percent
term
perishable
32. 1 ounce or less per guest
income statement
standard portion size
multi modal
foreclosure
33. Adding columns of figures horizontally and vertically to check that the totals agree
physical inventory
data
cross-footing
investment
34. More than one frequently occuring value in a group of data
mortgagee
multi modal
population
average cover formula
35. The part of a fraction above the line - which tells how many parts are being counted.
Extremes
numerator
employee turnover
mortgagor
36. # of servings of an item / total number of servings of all items in that category each day
statistic
Proportion
popularity index
nonperishable
37. The total of units multiplied by the price
extention
mean
Consequent
Liquidity of Assets
38. A contract giving someone the right to use something for a certain length of time
compounded sem-annually
mortgagor
lease
compounded interest
39. A cost that does not change - no matter how much of a good is produced
List price
Fixed cost
constant
net capitalized cost
40. Parts of a whole number
Break Even Point
fractions
front-loaded
cooking loss test
41. Where info is collected for every unit of the population
nonperishable
cash flow
complete enumeration survey
low risk investment
42. Share of the profits of a company
default
dividend
Volume Formula
sample
43. The point where income and expenses intersect (no loss or profit)
variable cost
break even point
cash discounts
trade discount
44. Sheet that lists all menu items that are going - to be prepared for a given date
Ratio Analysis
production sheet
simple interest
List Price
45. A statement made about the future
data
forecasting
dividend
Percent
46. Per day
per diem
Trade Discount
percent
compounded daily
47. 0.01 - 1/100 - hundredth
identify the four helpful calculating tools
capital cost allowance
Centi-
bottom line figures
48. The point at which you stop losing money.
sales commission
Break Even Point
weighted average
shares
49. Paid dividends after the preference shares have been paid
Average Daily Sales
common shares
standardized recipe
residual value
50. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
average wholesale price AWP
divisor
cooking loss test
default
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