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Test your basic knowledge |
DSST Business Math Vocab
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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. Tenth - .1
deci-
range
interest
desired yield
2. End of month.
Cost control
low risk investment
average cover formula
E.O.M
3. Amounts of money you owe
Volume Formula
liabilities
invoice
Break Even Point
4. The number of sales / number of covers
what are the two types of interest
average cover formula
multiplicand
cross-footing
5. To not spend
Subtotal
peak hours
Average Daily Sales
save
6. An itemized statement of money owed for goods shipped or services rendered
chain discounts
invoice
capital cost allowance
real property
7. A way of expressing a change from an original amount to a new amount without using a percentage sign.
Metric system
percentage points
Cone Volume
Average Collection Turnover
8. More than one frequently occuring value in a group of data
multiplier
capital cost allowance
foreign currency exchange
multi modal
9. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
bottom line figures
overtime
parameter
10. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
Direct variable cost
variable costs
Divisor
employee turnover
11. Of one hundred
bonds
edible portion (EP) amount
percent
percent sign
12. The person paying to borrow property for a certain amount of time for payments
lessee
Metric system
term
preference shares
13. V = e 3
Direct variable cost
Cube Volume
perpetual inventory
simple interest
14. Multiply cross products to solve (top x bottom = top x bottom)
cross multiply
Current Ratio
E.O.M
physical inventory
15. The price after any down-payment or trade-in
mode
Quick Ratio
net capitalized cost
degree celsius
16. Basic unit of volume in the metric system
Cube Volume
percentage points
Break Even Point
Liter
17. Something that is expected to return a profit
average wholesale price AWP
high risk investment
List price
investment
18. The unexpected variablility of returns
Rate
risk
lessee
cross multiply
19. Current assets/ current liabilities
Net Price
Current Ratio
personal property
Base
20. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
Lowest common denominator
perpetual inventory
edible portion (EP) amount
Break Even Point
21. The majority of the early payments go toward paying the interest on the loan
front-loaded
edible portion (EP) amount
simple interest
residual value
22. A metric unit of weight equal to one thousandth of a kilogram
extention
Gram
constant
lessee
23. Second term in a ratio.
range
Consequent
risk
minimum
24. An item of data that has a different value at different times
foreign currency exchange
lessor
variable
standard portion size
25. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
semi variable cost
Complement
invoice
physical inventory
26. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units
Conversion factor
dividend
price earnings ratios
front-loaded
27. Shows the assets - liabilities and financial position of the company
compounded sem-annually
Conversion factor
Centi-
balance sheet
28. Commission fee - inflation rate - capital gains tax
Break Even Point
what are the three items that may have to be subracted from the gross return figure when calculating net return
foreign currency exchange
degree celsius
29. Used often by business management to analyze the financial position of the business.
mortgagee
Liter
edible portion (EP) amount
Ratio Analysis
30. Compares two numbers or quantities by using division.
Ratio
nonperishable
percentage points
weighted average
31. Total amount before another amount is added or subtracted
Break Even Point
Current Assets
Subtotal
popularity index
32. A rate that one currency can be exchanged for another
high-ratio mortgage
foreign currency exchange
low risk investment
weighted average
33. A measure of how many times the value of the inventory is sold in one year.
dividend
peak hours
Inventory Turnover
assets
34. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
standardized recipe
average cover formula
prime cost
production sheet
35. The part of a fraction above the line - which tells how many parts are being counted.
Borrow
overhead cost
ratio
numerator
36. A decrease in price or value
special discounts
price earnings ratios
sales history
Depreciation
37. A number calculated from sample data
Consequent
Liquidity of Assets
statistic
Kilo-
38. Two equivalent ratios joined by an equal sign.
Centi-
sample
Borrow
Proportion
39. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
compounded annually
percent
foreclosure
Direct variable cost
40. The amount of money borrowed is less than 75% of the purchase price
Ratio Analysis
cross-footing
invoice
conventional mortgage
41. The divisor of a fraction
multiplicand
Denominator
Lowest common denominator
statistic
42. Interest calculated on the principle
Means
Milli-
simple interest
personal property
43. Paid in full
liabilities
weighted average
common shares
retired or amortized
44. 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.
cooking loss test
Rate
List price
statistic
45. The depreciation of an asset as an expense
percent sign
term
capital cost allowance
interest
46. The amount that can actually be eaten - after trimming and cooking
Cylinder Volume
bottom line figures
edible portion (EP) amount
Consequent
47. Interest is paid twice a year
p.a.
compounded sem-annually
Kilo-
operational plan
48. Shows the money coming in and expenses for a certain period of time.
yield percentage
liabilities
income statement
requisition
49. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
save
Cost control
Percent
standard employee hours
50. Get temporarily
Borrow
perpetual inventory
Cost control
sensitivity analysis
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