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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. A loan
part
Kilo-
mortgage
prime cost
2. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
Trade Credit
average wholesale price AWP
employee turnover
retired or amortized
3. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
Percent
conventional mortgage
List Price
income statement
4. The point at which you stop losing money.
Borrow
Break Even Point
risk
define:money factor
5. An itemized statement of money owed for goods shipped or services rendered
deci-
invoice
average wholesale price AWP
Break Even Point Formula
6. End of month.
cross multiply
E.O.M
standard portion cost
lease
7. The variable of the percentage formula that represents 100% - or the whole thing.
dupe
popularity index
Base
Percent
8. An item of data the stays the same
interest
compounded quarterly
Means
constant
9. Per day
per diem
two methods calculators use to process information
Inventory Turnover
overhead cost
10. Total annual sales/365
Average Daily Sales
Meter
preference shares
range
11. The depreciation of an asset as an expense
define:money factor
capital cost allowance
Current Ratio
mode
12. Used when the each piece of data has more than one component
data
weighted average
desired yield
what are the two types of interest
13. A rate that one currency can be exchanged for another
Percent
Cost control
foreign currency exchange
sample
14. Compares two numbers or quantities by using division.
high-ratio mortgage
cooking loss test
Liter
Ratio
15. Two equivalent ratios joined by an equal sign.
multiplicand
liabilities
Proportion
cross multiply
16. The owner of the property
Means
lessor
compounded quarterly
maximum
17. The money paid to an employee based on a percentage of their sales
Cost
minimum
sales history
sales commission
18. Thousandth
variable cost
Milli-
sales tax
mean
19. The smallest number - other than zero - that can be the denominator for two or more common fractions
Lowest common denominator
conventional mortgage
yield percentage
invoice
20. The total of units multiplied by the price
Base
standard employee hours
compounded sem-annually
extention
21. Preference and common
risk
per diem
what are the two main types of shares
minimum
22. More than one frequently occuring value in a group of data
List Price
multi modal
preference shares
p.a.
23. Special hours of work regulations in several industries exempt or set different standards for certain employees
standard employee hours
shares
what are the two main types of shares
average wholesale price AWP
24. A paper that entitles the holder to a discount on a particular item
Current Assets
Ratio
define:money factor
coupon
25. Be sufficient to meet - defray - or offset the charge or cost of
cover
standardized recipe
overtime
dupe
26. (simple average) adding the group of items and dividing by the total number of items
Break Even Point Formula
Trade Discount
investment
mean
27. The number by which a dividend is divided
Fixed cost
proportion
multiplier
Divisor
28. The divisor of a fraction
income statement
sensitivity analysis
Denominator
amortization schedule
29. When two ratios are equal
lease
average cover formula
coupon
proportion
30. Simple and compound
Milli-
data
ratio
what are the two types of interest
31. The majority of the early payments go toward paying the interest on the loan
median
front-loaded
lessor
part
32. A cost that does not change - no matter how much of a good is produced
median
lessor
Fixed cost
variable
33. A decimal system of weights and measures based on the meter and the kilogram and the second
high-ratio mortgage
Metric system
semi variable cost
Ratio
34. Loans to companies or goverments (no voting rights)
Ratio
bonds
real property
Meter
35. Outside numbers in a ratio.
sales tax
Extremes
organization chart
percentage points
36. A number calculated from sample data
Complement
constant
statistic
simple interest
37. The difference between the highest and lowest numbers in a set of data
part
Net Price
Cylinder Volume
range
38. Get temporarily
common shares
Borrow
deci-
degree celsius
39. A cost that rises or falls depending on how much is produced
Percent
variable cost
Means
Cube Volume
40. Current assets/ current liabilities
Liquidity of Assets
Current Ratio
overtime
what are the two types of interest
41. Keeping budgeted costs as close as possible to actual costs.
Cost control
personal property
requisition
popularity index
42. Manages; guides; controls; commands; tells or shows the way
directs
perishable
Dividend
compounded interest
43. Indicators of the confidence investors have in a company (the higher the better)
price earnings ratios
cash discounts
break even point
preference shares
44. Interest is paid four times a year
investment
loan
net capitalized cost
compounded quarterly
45. When an item is discounted or less than the original price
degree celsius
preference shares
on sale
price earnings ratios
46. Way to measure amount of product shrinkage during cooking/roasting process
interest
cooking loss test
term
simple interest
47. The number to be divided by
mean
variable cost
dividend
multiplier
48. V = e 3
Antecedent
discount
yield percentage
Cube Volume
49. A complete set of individuals - objects or scores being studied
foreclosure
population
Inventory Turnover
variable
50. V = pir2h
multiplier
define:money factor
Cylinder Volume
edible portion (EP) amount
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