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Test your basic knowledge 
DSST Business Math Vocab
Start Test
Study First
Subjects
:
dsst
,
math
,
businessskills
,
businessmath
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 reenforces your understanding as you take the test each time.
1. Provide a specific dividend that is paid before any dividends are paid to common stock holders
fractions
preference shares
dividend
cross multiply
2. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
Borrow
employee turnover
bottom line figures
E.O.M
3. Investing in a wellestablished company
multi modal
compounded semannually
medium risk investment
Base
4. Accounts receivable/ average daily sales
Current Ratio
compounded monthly
Average Collection Turnover
standard portion cost
5. The number you are multipliying by
overtime
multiplier
stores
physical inventory
6. A percentage discount to customers
variable costs
residual value
special discounts
Cone Volume
7. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
overtime
purchase specification
percentage points
simple interest
8. The interest amount is small  but you are guaranteed to get something
constant
liabilities
low risk investment
Current Assets
9. A bill
production sheet
invoice
parameter
high risk investment
10. A series of discounts
divisor
dividend
standardized recipe
chain discounts
11. Total annual sales/365
lessee
weighted average
Average Daily Sales
cooking loss test
12. The highest number in a group of data
highratio mortgage
maximum
lessee
numerator
13. Second term in a ratio.
crossfooting
highratio mortgage
Consequent
sensitivity analysis
14. The process of repossessing and selling the real or personal property when the borrower has defaulted
E.O.M
on sale
foreclosure
trade discount
15. A number calculated from sample data
statistic
Cylinder Volume
Liter
sales history
16. Amounts of money you owe
trade discount
yield percentage
two methods calculators use to process information
liabilities
17. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
amortization period
standardized recipe
what are the two main types of shares
cover
18. The length of the loan
mode
term
highratio mortgage
Extremes
19. V = pir2h
bottom line figures
Average Collection Turnover
shares
Cylinder Volume
20. Compares two numbers or quantities by using division.
parameter
statistic
lessee
Ratio
21. Keeping budgeted costs as close as possible to actual costs.
Cost control
average wholesale price AWP
cash flow
multiplicand
22. The number of sales / number of covers
Denominator
average cover formula
prime cost
shares
23. The variable of the percentage formula that represents 100%  or the whole thing.
Base
sales history
degree celsius
risk
24. Will not decay or rot
Divisor
Gram
nonperishable
mean
25. Share of the profits of a company
bottom line figures
shares
dividend
fixed costs
26. The person paying to borrow property for a certain amount of time for payments
dividend
lessee
foreclosure
Percent
27. Adding columns of figures horizontally and vertically to check that the totals agree
employee turnover
standard portion cost
crossfooting
data
28. Discounts offered to encourage customers to pay their bills on time
cash discounts
variable
standard employee hours
two methods calculators use to process information
29. Special hours of work regulations in several industries exempt or set different standards for certain employees
FIFO method
standard employee hours
yield percentage
percent sign
30. The total of units multiplied by the price
numerator
high risk investment
List price
extention
31. Direct materials cost plus direct labor cost.
compounded quarterly
mortgagor
prime cost
simple interest
32. The price paid after the trade discount has been subtracted.
maximum
term
Net Price
Current Ratio
33. Electronic  portable (pocket)  computer  spreadsheets
cover
Meter
identify the four helpful calculating tools
simple interest
34. More than one frequently occuring value in a group of data
multi modal
Cylinder Volume
maximum
compounded daily
35. A chart that shows the balance of the mortgage after each amortization period
Ratio
real property
average wholesale price AWP
amortization schedule
36. N. items or materials needed for something such as a business  expedition  or vessel
Antecedent
List price
stores
multiplicand
37. Of one hundred
production sheet
extention
percent
standard portion cost
38. When two ratios are equal
physical inventory
constant
proportion
ratio
39. Interest is paid twice a year
employee turnover
collateral
Kilo
compounded semannually
40. Commission fee  inflation rate  capital gains tax
Proportion
Liter
what are the three items that may have to be subracted from the gross return figure when calculating net return
maximum
41. Property other than real estate (often called a chattel mortgage)
personal property
price earnings ratios
yield percentage
FIFO method
42. A person who is tricked or swindled
real property
mortgage
dupe
Meter
43. Paid dividends after the preference shares have been paid
common shares
price earnings ratios
prime cost
medium risk investment
44. The number you are dividing by
invoice
divisor
desired yield
maximum
45. Both fixed and variable components  Vary with incremental changes in capacity  Display in a stair step pattern
median
Means
semi variable cost
break even point
46. Interest is paid 365 times a year
compounded daily
Liquidity of Assets
directs
cash discounts
47. Per day
per diem
compounded daily
percent
break even point
48. The amount of money borrowed is less than 75% of the purchase price
dividend
invoice
mortgagee
conventional mortgage
49. Preference and common
what are the two main types of shares
organization chart
requisition
perishable
50. The depreciation of an asset as an expense
Average Collection Turnover
capital cost allowance
residual value
fractions