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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. The point where income and expenses intersect (no loss or profit)
bonds
standard employee hours
Denominator
break even point
2. Money earned on an investment or paid on a loan
List price
high-ratio mortgage
median
interest
3. Real estate (houses - condos - warehouses - factories - etc)
Fixed cost
real property
bottom line figures
Volume Formula
4. Get temporarily
amortization schedule
data
Borrow
foreign currency exchange
5. Time worked beyond the established working hours
default
mode
overtime
Liter
6. Will not decay or rot
multiplier
bottom line figures
low risk investment
nonperishable
7. A metric unit of weight equal to one thousandth of a kilogram
Gram
Average Collection Turnover
weighted average
compounded daily
8. V = pir2h
Cylinder Volume
front-loaded
range
multiplier
9. The amount of money borrowed is between 75% - 95% of the purchase price
invoice
high-ratio mortgage
compounded annually
Extremes
10. Number calculated from population data
term
parameter
dupe
Quick Ratio
11. Thousandth
Average Collection Turnover
define:money factor
Milli-
mortgagor
12. Algebraic - arithmetic
two methods calculators use to process information
perishable
capital cost allowance
Borrow
13. Costs that remain constant
simple interest
Cylinder Volume
Centi-
fixed costs
14. Interest is paid twice a year
compounded sem-annually
production sheet
price earnings ratios
standard portion cost
15. Accounts receivable/ average daily sales
Average Collection Turnover
Percent
conventional mortgage
p.a.
16. To not spend
save
Volume Formula
Milli-
special discounts
17. 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
mode
percent
Current Ratio
18. Percentage of the list price.
fractions
Trade Discount
invoice
what are the two main types of shares
19. Used when the each piece of data has more than one component
invoice
multiplier
per diem
weighted average
20. A measure of the number of days needed to collect accounts receivable.
invoice
Average Collection Turnover
real property
Direct variable cost
21. 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
edible portion (EP) amount
data
what are the two main types of shares
22. Cost associated with fixed expenses such as rent - debt service and administration.
overhead cost
capital cost allowance
Net Price
on sale
23. A decrease in price or value
Lowest common denominator
weighted average
Depreciation
simple interest
24. Per day
two methods calculators use to process information
per diem
variable
medium risk investment
25. Interest is paid twelve times a year
compounded monthly
standard portion cost
variable cost
variable costs
26. The interest amount is small - but you are guaranteed to get something
degree celsius
fractions
income statement
low risk investment
27. Keeping budgeted costs as close as possible to actual costs.
constant
personal property
Cost control
conventional mortgage
28. The person paying to borrow property for a certain amount of time for payments
minimum
lessee
per diem
Denominator
29. (simple average) adding the group of items and dividing by the total number of items
high-ratio mortgage
save
dividend
mean
30. Cash or assets that can quickly be converted into cash.
E.O.M
Borrow
Current Assets
Fixed cost
31. Indicators of the confidence investors have in a company (the higher the better)
Centi-
cross-footing
overtime
price earnings ratios
32. The part of a fraction above the line - which tells how many parts are being counted.
Means
numerator
Ratio
preference shares
33. An item of data the stays the same
constant
proportion
compounded monthly
bonds
34. Suggested Retail Price
two methods calculators use to process information
Net Price
List Price
data
35. 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
coupon
loan
Cube Volume
36. The number you are multipliying by
dividend
Denominator
multiplier
sales commission
37. Security for a loan
p.a.
collateral
E.O.M
edible portion (EP) amount
38.
degree celsius
save
Gram
fractions
39. A chart that shows the balance of the mortgage after each amortization period
overtime
amortization schedule
Kilo-
operational plan
40. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
employee turnover
purchase specification
Direct variable cost
standard portion size
41. Tenth - .1
Quick Ratio
Net Price
deci-
per diem
42. The amount that can actually be eaten - after trimming and cooking
Complement
Depreciation
Cylinder Volume
edible portion (EP) amount
43. Systematic recording of all sales achieved during a predetermined time period
sales history
compounded interest
edible portion (EP) amount
mortgage
44. A person who is tricked or swindled
sensitivity analysis
organization chart
dupe
Average Daily Sales
45. The difference between the highest and lowest numbers in a set of data
lessor
yield percentage
Means
range
46. The borrower
mortgagor
sensitivity analysis
weighted average
retired or amortized
47. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
term
weighted average
semi variable cost
foreclosure
48. Compares two numbers or quantities by using division.
median
cooking loss test
compounded quarterly
Ratio
49. Deciding if its worth the risk
sensitivity analysis
compounded daily
what are the three items that may have to be subracted from the gross return figure when calculating net return
population
50. Preference and common
Ratio
dupe
Cone Volume
what are the two main types of shares