SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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 highest number in a group of data
mean
liabilities
requisition
maximum
2. An inventory costing method that assigns the most recent costs to ending inventory
Liquidity of Assets
statistic
Net Price
FIFO method
3. A contract giving someone the right to use something for a certain length of time
lease
lessor
low risk investment
deci-
4. Real estate (houses - condos - warehouses - factories - etc)
Average Collection Turnover
Cylinder Volume
parameter
real property
5. 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.
Lowest common denominator
perishable
Rate
variable costs
6. The difference between the highest and lowest numbers in a set of data
range
Ratio
numerator
mortgage
7. A metric unit of weight equal to one thousandth of a kilogram
purchase specification
Current Assets
identify the four helpful calculating tools
Gram
8. Algebraic - arithmetic
two methods calculators use to process information
Percent
Antecedent
cover
9. Keeping budgeted costs as close as possible to actual costs.
mortgagee
Cost control
default
edible portion (EP) amount
10. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
Meter
preference shares
Quick Ratio
high-ratio mortgage
11. The new percent obtained by subtracting the change percent from 100%.
percentage points
median
cover
Complement
12. The most frequently occuring value in a group of data
mode
Volume Formula
Trade Credit
assets
13. A rate that one currency can be exchanged for another
Volume Formula
desired yield
numerator
foreign currency exchange
14. Paid in full
assets
retired or amortized
medium risk investment
Net Price
15. The length of time until the debt is zero
net capitalized cost
price earnings ratios
amortization period
term
16. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
yield percentage
Rate
foreign currency exchange
break even point
17. N. items or materials needed for something such as a business - expedition - or vessel
income statement
Break Even Point Formula
high risk investment
stores
18. Loans to companies or goverments (no voting rights)
investment
Extremes
bonds
sales history
19. Will not decay or rot
nonperishable
average cover formula
Break Even Point
semi variable cost
20. Inside numbers in a ratio.
organization chart
Means
Current Ratio
Percent
21. Non-payment
mortgagor
Average Collection Turnover
default
semi variable cost
22. Electronic - portable (pocket) - computer - spreadsheets
compounded daily
Cylinder Volume
mortgagee
identify the four helpful calculating tools
23.
average cover formula
interest
List Price
degree celsius
24. Money given to someone on condition the person will return the money and interest by a specific date
loan
production sheet
constant
Volume Formula
25. The depreciation of an asset as an expense
numerator
income statement
average cover formula
capital cost allowance
26. Something that is expected to return a profit
investment
Current Assets
Cone Volume
high-ratio mortgage
27. Commission fee - inflation rate - capital gains tax
range
what are the three items that may have to be subracted from the gross return figure when calculating net return
Liquidity of Assets
cash flow
28. End of month.
Break Even Point
ratio
maximum
E.O.M
29. Money earned on an investment or paid on a loan
perishable
interest
shares
Subtotal
30. Of one hundred
compounded annually
percent
identify the four helpful calculating tools
what are the three items that may have to be subracted from the gross return figure when calculating net return
31. A number to be divided by another number
Dividend
conventional mortgage
bonds
high-ratio mortgage
32. A decrease in price or value
median
sales tax
Depreciation
capital cost allowance
33. You may get a large return or get nothing
Extremes
shares
mortgagee
high risk investment
34. The unexpected variablility of returns
risk
deci-
Extremes
physical inventory
35. A portion of the population being studied
trade discount
sample
price earnings ratios
compounded quarterly
36. (simple average) adding the group of items and dividing by the total number of items
Cost
physical inventory
conventional mortgage
mean
37. Systematic recording of all sales achieved during a predetermined time period
Inventory Turnover
sales history
Average Collection Turnover
Break Even Point
38. Costs that fluctuate
variable costs
multiplicand
sales tax
Consequent
39. A complete set of individuals - objects or scores being studied
employee turnover
Centi-
population
loan
40. Accounts receivable/ average daily sales
perishable
standardized recipe
Average Collection Turnover
identify the four helpful calculating tools
41. A comparison of two numbers
ratio
bonds
Consequent
medium risk investment
42. Things you own
Quick Ratio
operational plan
assets
cash flow
43. The first number
conventional mortgage
what are the two types of interest
multiplicand
collateral
44. The amount that can actually be eaten - after trimming and cooking
overhead cost
List price
Break Even Point Formula
edible portion (EP) amount
45. When an item is discounted or less than the original price
lessee
on sale
multiplicand
purchase specification
46. A loan
Direct variable cost
mortgage
Ratio
numerator
47. Manages; guides; controls; commands; tells or shows the way
discount
identify the four helpful calculating tools
directs
Divisor
48. Direct materials cost plus direct labor cost.
chain discounts
prime cost
Centi-
multi modal
49. Indicators of the confidence investors have in a company (the higher the better)
price earnings ratios
constant
Centi-
Break Even Point
50. Be sufficient to meet - defray - or offset the charge or cost of
nonperishable
high-ratio mortgage
cover
per diem