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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. (simple average) adding the group of items and dividing by the total number of items
fixed costs
statistic
mean
weighted average
2. Time worked beyond the established working hours
mortgagor
variable cost
shares
overtime
3. Systematic recording of all sales achieved during a predetermined time period
sales history
Gram
weighted average
cross-footing
4. Current assets/ current liabilities
define:money factor
trade discount
median
Current Ratio
5. Costs that remain constant
multiplicand
mortgagor
lessor
fixed costs
6. An itemized statement of money owed for goods shipped or services rendered
semi variable cost
List Price
invoice
sales history
7. The lender
popularity index
employee turnover
income statement
mortgagee
8. A person who is tricked or swindled
Compounded
dividend
dupe
extention
9. The difference between the highest and lowest numbers in a set of data
range
invoice
organization chart
real property
10. Interest is paid four times a year
Average Collection Turnover
divisor
compounded quarterly
personal property
11. A cost that rises or falls depending on how much is produced
variable cost
compounded annually
directs
List price
12. # of servings of an item / total number of servings of all items in that category each day
common shares
Quick Ratio
semi variable cost
popularity index
13. Percentage of the list price.
Direct variable cost
standard portion size
Trade Discount
Metric system
14. End of month.
Antecedent
Kilo-
E.O.M
investment
15. The property of having material worth (often indicated by the amount of money something would bring if sold)
amortization period
semi variable cost
median
Cost
16. A chart showing the lines of responsibility between departments of a large organization
organization chart
Metric system
lessor
Break Even Point Formula
17. N. items or materials needed for something such as a business - expedition - or vessel
maximum
stores
population
conventional mortgage
18. Something that is expected to return a profit
investment
save
cross-footing
what are the two types of interest
19. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
standardized recipe
mortgagor
perishable
Cube Volume
20. Turning assets into cash.
Liquidity of Assets
Fixed cost
front-loaded
maximum
21. V=lwh
Quick Ratio
requisition
term
Volume Formula
22. A way of expressing a change from an original amount to a new amount without using a percentage sign.
percentage points
cover
cash flow
numerator
23. Scaling factor based on yield
Average Collection Turnover
desired yield
FIFO method
Cylinder Volume
24. A measure of how many times the value of the inventory is sold in one year.
maximum
Inventory Turnover
medium risk investment
Depreciation
25. A cost that does not change - no matter how much of a good is produced
capital cost allowance
Fixed cost
proportion
directs
26. The number of sales / number of covers
Lowest common denominator
balance sheet
average cover formula
sales history
27. The money paid to an employee based on a percentage of their sales
statistic
Proportion
sales commission
net capitalized cost
28. The amount that can actually be eaten - after trimming and cooking
define:money factor
standard portion cost
Cylinder Volume
edible portion (EP) amount
29.
Average Daily Sales
extention
Cost
degree celsius
30. The divisor of a fraction
edible portion (EP) amount
multiplicand
Denominator
Cost control
31. Indicators of the confidence investors have in a company (the higher the better)
Meter
price earnings ratios
assets
coupon
32. A percentage discount to customers
net capitalized cost
compounded quarterly
special discounts
mode
33. 3am or 4am when most people are in a deep sleep.
peak hours
Subtotal
collateral
Lowest common denominator
34. A percentage discount for buyers associated with the products being sold
trade discount
Trade Credit
constant
multiplier
35. The point at which you stop losing money.
Break Even Point
cash flow
Average Collection Turnover
Borrow
36. Discounts offered to encourage customers to pay their bills on time
chain discounts
two methods calculators use to process information
Average Daily Sales
cash discounts
37. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
purchase specification
Cone Volume
residual value
coupon
38. V = 1/3 pir2h
lease
Cylinder Volume
population
Cone Volume
39. The variable of the percentage formula that represents a part of the base.
employee turnover
Cube Volume
part
front-loaded
40. Interest is paid 365 times a year
multi modal
amortization schedule
compounded daily
cover
41. Liable to perish
default
bonds
perishable
price earnings ratios
42. Cash + receivables/ current liabilities.
multiplicand
Means
Average Collection Turnover
Quick Ratio
43. Direct materials cost plus direct labor cost.
semi variable cost
physical inventory
prime cost
bonds
44. 0.01 - 1/100 - hundredth
Cylinder Volume
Compounded
Centi-
dupe
45. The total of units multiplied by the price
extention
balance sheet
cross multiply
part
46. More than one frequently occuring value in a group of data
cross-footing
multi modal
List price
Borrow
47. Of one hundred
maximum
Current Ratio
purchase specification
percent
48. Interest calculated on the principal plus any accumulated interest
conventional mortgage
Base
compounded interest
real property
49. Compares two numbers or quantities by using division.
proportion
high risk investment
Ratio
population
50. A comparison of two numbers
nonperishable
edible portion (EP) amount
constant
ratio