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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. Preference and common
sales commission
chain discounts
what are the two main types of shares
deci-
2. Amount of money coming in and going out of your business monthly
sensitivity analysis
Subtotal
cash flow
collateral
3. The property of having material worth (often indicated by the amount of money something would bring if sold)
standard employee hours
lease
part
Cost
4. A comparison of two numbers
dividend
mortgagor
ratio
cover
5. Used often by business management to analyze the financial position of the business.
Ratio Analysis
popularity index
p.a.
bonds
6. A measure of the number of days needed to collect accounts receivable.
parameter
ratio
population
Average Collection Turnover
7. V=lwh
E.O.M
Volume Formula
population
cash flow
8. Provide a specific dividend that is paid before any dividends are paid to common stock holders
real property
forecasting
stores
preference shares
9. Second term in a ratio.
Compounded
Consequent
Ratio Analysis
Denominator
10. Liable to perish
degree celsius
perishable
Extremes
constant
11. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
Cylinder Volume
average wholesale price AWP
stores
fractions
12. Interest is paid twice a year
Current Assets
compounded sem-annually
retired or amortized
define:money factor
13. A person who is tricked or swindled
high-ratio mortgage
dupe
fixed costs
cross multiply
14. A decimal figure when x by 2400 gives an approximate annual interest rate
compounded quarterly
maximum
bottom line figures
define:money factor
15. Allows you to buy merchandise from a supplier and pay at a later - specified date.
Trade Credit
shares
invoice
nonperishable
16. The variable of the percentage formula that represents a part of the base.
part
Divisor
perpetual inventory
default
17. The number you are dividing by
per diem
loan
special discounts
divisor
18. 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.
Rate
mortgage
amortization schedule
Metric system
19. Money earned on an investment or paid on a loan
what are the two types of interest
common shares
Net Price
interest
20. Cash or assets that can quickly be converted into cash.
Base
semi variable cost
Current Assets
organization chart
21. Electronic - portable (pocket) - computer - spreadsheets
amortization schedule
multi modal
identify the four helpful calculating tools
percent sign
22. The final figures
physical inventory
lease
bottom line figures
Borrow
23. Algebraic - arithmetic
purchase specification
Gram
two methods calculators use to process information
cross multiply
24. Cash + receivables/ current liabilities.
standard portion size
variable
Quick Ratio
foreclosure
25. Interest calculated on the principal plus any accumulated interest
List price
compounded interest
mortgage
low risk investment
26. One thousand grams - thousand
mortgagor
assets
capital cost allowance
Kilo-
27. The point where income and expenses intersect (no loss or profit)
what are the three items that may have to be subracted from the gross return figure when calculating net return
price earnings ratios
break even point
trade discount
28. Where info is collected for every unit of the population
complete enumeration survey
high-ratio mortgage
Rate
Volume Formula
29. A measure of how many times the value of the inventory is sold in one year.
per diem
bottom line figures
Inventory Turnover
on sale
30. Paid dividends after the preference shares have been paid
trade discount
Ratio
common shares
Fixed cost
31. Cost associated with fixed expenses such as rent - debt service and administration.
standard portion size
overhead cost
Break Even Point Formula
two methods calculators use to process information
32. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
Lowest common denominator
Borrow
Means
33. A way of expressing a change from an original amount to a new amount without using a percentage sign.
income statement
percentage points
p.a.
yield percentage
34. The owner of the property
percentage points
chain discounts
lessor
loan
35. The amount of money borrowed is less than 75% of the purchase price
yield percentage
Divisor
Percent
conventional mortgage
36. V = 1/3 pir2h
Cone Volume
production sheet
standard portion size
sensitivity analysis
37. The part of a fraction above the line - which tells how many parts are being counted.
numerator
Average Collection Turnover
minimum
preference shares
38. Total amount before another amount is added or subtracted
assets
Subtotal
prime cost
Quick Ratio
39. 1 ounce or less per guest
compounded sem-annually
standard portion size
Denominator
Conversion factor
40. Special hours of work regulations in several industries exempt or set different standards for certain employees
shares
standard employee hours
Cost control
Average Daily Sales
41. A rate that one currency can be exchanged for another
perishable
Metric system
Compounded
foreign currency exchange
42. The info collected from a survey and the figures generated through statistical analysis
invoice
Means
minimum
data
43. Of one hundred
physical inventory
compounded sem-annually
percent
special discounts
44. The amount the property is worth at the end of the lease
Conversion factor
residual value
Metric system
extention
45. Multiply cross products to solve (top x bottom = top x bottom)
cross multiply
proportion
bonds
multiplicand
46. Amounts of money you owe
multiplicand
liabilities
Fixed cost
Subtotal
47. First term in a ratio.
net capitalized cost
Antecedent
two methods calculators use to process information
compounded annually
48. A complete set of individuals - objects or scores being studied
real property
population
fractions
sales commission
49. Cost of the an item/# of portions it contains.
Net Price
Ratio
nonperishable
standard portion cost
50. Will not decay or rot
Liquidity of Assets
nonperishable
Average Daily Sales
Centi-