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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. Scaling factor based on yield
desired yield
Net Price
invoice
median
2. Cost of the an item/# of portions it contains.
amortization schedule
bottom line figures
standard portion cost
invoice
3. The number to be divided by
ratio
trade discount
weighted average
dividend
4. Shows the money coming in and expenses for a certain period of time.
assets
income statement
perpetual inventory
loan
5. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
minimum
purchase specification
bottom line figures
Ratio Analysis
6. The amount of money borrowed is between 75% - 95% of the purchase price
residual value
high-ratio mortgage
complete enumeration survey
real property
7. A measure of the number of days needed to collect accounts receivable.
sample
Net Price
capital cost allowance
Average Collection Turnover
8. The owner of the property
production sheet
Ratio
foreclosure
lessor
9. Money charged by the government and added to the original price of an item
special discounts
Extremes
sales tax
cross multiply
10. The info collected from a survey and the figures generated through statistical analysis
fractions
peak hours
data
constant
11. A number calculated from sample data
high-ratio mortgage
Fixed cost
Subtotal
statistic
12. Get temporarily
Borrow
Extremes
mortgagee
Metric system
13. Deciding if its worth the risk
Break Even Point Formula
sensitivity analysis
median
what are the three items that may have to be subracted from the gross return figure when calculating net return
14. Direct materials cost plus direct labor cost.
prime cost
cash flow
perpetual inventory
save
15. End of month.
standardized recipe
Antecedent
directs
E.O.M
16. The point where income and expenses intersect (no loss or profit)
break even point
dividend
Consequent
dividend
17. Part ownership in a company
Fixed cost
perishable
nonperishable
shares
18. Of one hundred
percent
lease
purchase specification
percent sign
19. The new percent obtained by subtracting the change percent from 100%.
Complement
high risk investment
sample
sales commission
20. The lowest number in a group of data
Fixed cost
minimum
requisition
Antecedent
21. Will not decay or rot
nonperishable
data
parameter
cash flow
22. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
investment
front-loaded
part
physical inventory
23. An itemized statement of money owed for goods shipped or services rendered
forecasting
Conversion factor
proportion
invoice
24. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
average wholesale price AWP
E.O.M
employee turnover
Borrow
25. A complete set of individuals - objects or scores being studied
trade discount
divisor
population
break even point
26. A loan
mortgage
Cost control
high risk investment
production sheet
27. Security for a loan
extention
collateral
perpetual inventory
loan
28. Two equivalent ratios joined by an equal sign.
FIFO method
minimum
Proportion
Liquidity of Assets
29. Commission fee - inflation rate - capital gains tax
amortization period
what are the three items that may have to be subracted from the gross return figure when calculating net return
minimum
List price
30. Amount of money coming in and going out of your business monthly
cash flow
invoice
variable
requisition
31. A comparison of two numbers
peak hours
mortgagor
ratio
dupe
32. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
dividend
prime cost
capital cost allowance
perpetual inventory
33. Turning assets into cash.
Liquidity of Assets
nonperishable
save
proportion
34. Cost associated with fixed expenses such as rent - debt service and administration.
standard portion size
overhead cost
foreclosure
variable costs
35. Electronic - portable (pocket) - computer - spreadsheets
FIFO method
numerator
identify the four helpful calculating tools
conventional mortgage
36. The smallest number - other than zero - that can be the denominator for two or more common fractions
Lowest common denominator
compounded annually
loan
requisition
37. The variable of the percentage formula that represents 100% - or the whole thing.
range
cross-footing
Base
loan
38. Inside numbers in a ratio.
Means
fixed costs
Cost control
compounded interest
39. The difference between the highest and lowest numbers in a set of data
range
statistic
variable cost
medium risk investment
40. Preference and common
divisor
invoice
Quick Ratio
what are the two main types of shares
41. The final figures
nonperishable
term
physical inventory
bottom line figures
42. The price after any down-payment or trade-in
multi modal
net capitalized cost
overhead cost
trade discount
43. Time worked beyond the established working hours
Cube Volume
dupe
per diem
overtime
44. Real estate (houses - condos - warehouses - factories - etc)
forecasting
mortgagor
real property
dividend
45. Costs that remain constant
Average Collection Turnover
cooking loss test
Dividend
fixed costs
46. A metric unit of weight equal to one thousandth of a kilogram
lease
Gram
Rate
foreclosure
47. (simple average) adding the group of items and dividing by the total number of items
mean
Rate
Average Collection Turnover
mortgagor
48. Algebraic - arithmetic
chain discounts
Kilo-
two methods calculators use to process information
invoice
49. A percentage discount for buyers associated with the products being sold
overtime
prime cost
standard portion cost
trade discount
50. Interest is paid four times a year
residual value
compounded quarterly
interest
popularity index