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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. Time worked beyond the established working hours
bonds
overtime
requisition
FIFO method
2. Used when the each piece of data has more than one component
weighted average
List Price
high-ratio mortgage
percentage points
3. Thousandth
Milli-
Compounded
Average Collection Turnover
median
4. The lowest number in a group of data
minimum
amortization schedule
complete enumeration survey
constant
5. A cost that does not change - no matter how much of a good is produced
Fixed cost
Break Even Point Formula
minimum
Average Collection Turnover
6. Amounts of money you owe
Fixed cost
semi variable cost
liabilities
Break Even Point Formula
7. The amount that can actually be eaten - after trimming and cooking
divisor
edible portion (EP) amount
Extremes
cooking loss test
8. The interest amount is small - but you are guaranteed to get something
production sheet
low risk investment
Conversion factor
trade discount
9. Money earned on an investment or paid on a loan
interest
Conversion factor
List price
compounded daily
10. The variable of the percentage formula that represents 100% - or the whole thing.
Base
percent
bonds
Ratio
11. Money given to someone on condition the person will return the money and interest by a specific date
average wholesale price AWP
loan
invoice
Average Collection Turnover
12. Inside numbers in a ratio.
Cost
Metric system
trade discount
Means
13. The original cost of an item
physical inventory
List price
mode
Antecedent
14. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
Trade Credit
Quick Ratio
perishable
15. Interest is paid twice a year
Dividend
compounded sem-annually
mode
foreign currency exchange
16. V = e 3
term
Break Even Point Formula
Cylinder Volume
Cube Volume
17. Cost of the an item/# of portions it contains.
p.a.
standard portion cost
percentage points
Consequent
18. Interest is paid once a year
maximum
compounded annually
deci-
range
19. More than one frequently occuring value in a group of data
multi modal
per diem
degree celsius
lessee
20. Interest is paid four times a year
employee turnover
compounded quarterly
liabilities
p.a.
21. Parts of a whole number
Dividend
mode
fractions
identify the four helpful calculating tools
22. Number calculated from population data
parameter
high risk investment
Volume Formula
sample
23. Cash + receivables/ current liabilities.
Quick Ratio
amortization period
front-loaded
Inventory Turnover
24. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
Centi-
dupe
Direct variable cost
Means
25. Paid dividends after the preference shares have been paid
compounded interest
cross multiply
common shares
mortgagee
26. Cost associated with fixed expenses such as rent - debt service and administration.
Percent
overhead cost
fractions
compounded interest
27. The difference between the highest and lowest numbers in a set of data
forecasting
Net Price
range
invoice
28. A percentage discount for buyers associated with the products being sold
amortization schedule
standard employee hours
trade discount
cash flow
29. Per day
front-loaded
Denominator
chain discounts
per diem
30. N. items or materials needed for something such as a business - expedition - or vessel
Direct variable cost
stores
compounded daily
maximum
31. Costs that remain constant
Metric system
amortization schedule
Gram
fixed costs
32. The part of a fraction above the line - which tells how many parts are being counted.
cross multiply
medium risk investment
sample
numerator
33. Liable to perish
preference shares
perishable
interest
percent
34. The new percent obtained by subtracting the change percent from 100%.
variable
risk
Average Collection Turnover
Complement
35. A decrease in price or value
Depreciation
bottom line figures
residual value
physical inventory
36. A complete set of individuals - objects or scores being studied
population
Average Daily Sales
forecasting
define:money factor
37. Get temporarily
Consequent
Dividend
Borrow
compounded sem-annually
38. A rate that one currency can be exchanged for another
Percent
foreign currency exchange
average cover formula
perishable
39. Manages; guides; controls; commands; tells or shows the way
standard portion cost
directs
per diem
real property
40. A percentage discount to customers
coupon
Rate
special discounts
default
41. Something that is expected to return a profit
common shares
investment
Borrow
capital cost allowance
42. Costs that fluctuate
Antecedent
variable costs
invoice
compounded monthly
43. When an item is discounted or less than the original price
Cone Volume
invoice
E.O.M
on sale
44. Where info is collected for every unit of the population
bonds
default
complete enumeration survey
directs
45. Sheet that lists all menu items that are going - to be prepared for a given date
Inventory Turnover
production sheet
Complement
compounded interest
46. The info collected from a survey and the figures generated through statistical analysis
dupe
Break Even Point Formula
data
fractions
47. The amount of money borrowed is less than 75% of the purchase price
conventional mortgage
dupe
compounded interest
sensitivity analysis
48. The price paid after the trade discount has been subtracted.
Net Price
Cone Volume
variable
percent
49. Things you own
default
assets
lessor
range
50. Turning assets into cash.
Liquidity of Assets
List Price
residual value
edible portion (EP) amount