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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. Security for a loan
peak hours
Metric system
collateral
sensitivity analysis
2. Interest is paid 365 times a year
compounded daily
Liter
sales tax
perishable
3. Two equivalent ratios joined by an equal sign.
Complement
front-loaded
Lowest common denominator
Proportion
4. Paid dividends after the preference shares have been paid
Borrow
common shares
Centi-
minimum
5. Used often by business management to analyze the financial position of the business.
Ratio Analysis
interest
Meter
average cover formula
6. Money earned on an investment or paid on a loan
Average Collection Turnover
amortization period
Inventory Turnover
interest
7. Suggested Retail Price
semi variable cost
List Price
operational plan
net capitalized cost
8. A percentage discount to customers
special discounts
Current Assets
foreclosure
operational plan
9. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
balance sheet
Antecedent
purchase specification
save
10. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
Depreciation
fixed costs
cover
yield percentage
11. The original cost of an item
real property
high-ratio mortgage
Average Daily Sales
List price
12. Per annum - yearly
sensitivity analysis
p.a.
conventional mortgage
Current Assets
13. The depreciation of an asset as an expense
capital cost allowance
Average Collection Turnover
cash flow
Compounded
14. A number to be divided by another number
Dividend
price earnings ratios
compounded sem-annually
requisition
15. V = 1/3 pir2h
Cone Volume
dividend
define:money factor
stores
16. A comparison of two numbers
numerator
List price
ratio
Fixed cost
17. Shows the assets - liabilities and financial position of the company
Consequent
balance sheet
preference shares
percent
18. Get temporarily
sales history
low risk investment
compounded annually
Borrow
19. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
nonperishable
semi variable cost
personal property
percentage points
20. The length of time until the debt is zero
lease
amortization period
prime cost
ratio
21. The divisor of a fraction
Denominator
ratio
break even point
Compounded
22. A cost that does not change - no matter how much of a good is produced
Fixed cost
capital cost allowance
per diem
coupon
23. Interest is paid once a year
weighted average
Divisor
compounded annually
Average Collection Turnover
24. Compares two numbers or quantities by using division.
perishable
residual value
Consequent
Ratio
25. Non-payment
employee turnover
perpetual inventory
compounded monthly
default
26. A series of discounts
mortgage
chain discounts
Base
population
27. Interest is paid four times a year
medium risk investment
forecasting
what are the two main types of shares
compounded quarterly
28. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
purchase specification
Percent
data
identify the four helpful calculating tools
29. Inside numbers in a ratio.
cooking loss test
stores
Means
part
30. Used when the each piece of data has more than one component
average cover formula
Average Collection Turnover
Cost control
weighted average
31. The money paid to an employee based on a percentage of their sales
sales commission
edible portion (EP) amount
percentage points
sales tax
32. Multiply cross products to solve (top x bottom = top x bottom)
cross multiply
multiplicand
desired yield
Denominator
33. An itemized statement of money owed for goods shipped or services rendered
Average Collection Turnover
invoice
liabilities
residual value
34. Indicators of the confidence investors have in a company (the higher the better)
preference shares
Rate
residual value
price earnings ratios
35. You may get a large return or get nothing
percent sign
high risk investment
price earnings ratios
shares
36. The interest amount is small - but you are guaranteed to get something
overhead cost
low risk investment
numerator
maximum
37. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
cooking loss test
Current Ratio
per diem
perpetual inventory
38. Where info is collected for every unit of the population
Milli-
Conversion factor
data
complete enumeration survey
39. Turning assets into cash.
residual value
foreign currency exchange
Liquidity of Assets
coupon
40. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
Conversion factor
range
physical inventory
organization chart
41. The most frequently occuring value in a group of data
mode
FIFO method
production sheet
peak hours
42. A statement made about the future
Cylinder Volume
Liquidity of Assets
nonperishable
forecasting
43. Sheet that lists all menu items that are going - to be prepared for a given date
divisor
production sheet
edible portion (EP) amount
foreclosure
44. Things you own
compounded annually
assets
Lowest common denominator
foreign currency exchange
45. The amount that can actually be eaten - after trimming and cooking
multiplier
part
edible portion (EP) amount
Fixed cost
46. Special hours of work regulations in several industries exempt or set different standards for certain employees
stores
standard employee hours
bonds
dividend
47. A decimal system of weights and measures based on the meter and the kilogram and the second
Lowest common denominator
Metric system
p.a.
mean
48. The variable of the percentage formula that represents 100% - or the whole thing.
foreign currency exchange
yield percentage
compounded monthly
Base
49. A bill
variable costs
invoice
organization chart
overtime
50. Liable to perish
Net Price
discount
divisor
perishable