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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. The borrower
lessee
operational plan
mortgagor
define:money factor
2. 1 ounce or less per guest
perpetual inventory
standard portion size
dupe
term
3. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
sales tax
cover
semi variable cost
define:money factor
4. Second term in a ratio.
Milli-
Consequent
amortization schedule
constant
5. Costs that fluctuate
cooking loss test
chain discounts
variable costs
part
6. Be sufficient to meet - defray - or offset the charge or cost of
discount
net capitalized cost
cover
conventional mortgage
7. One thousand grams - thousand
sales tax
Borrow
Kilo-
Net Price
8. A decimal figure when x by 2400 gives an approximate annual interest rate
standard portion cost
Depreciation
define:money factor
Centi-
9. A cost that does not change - no matter how much of a good is produced
Meter
common shares
Base
Fixed cost
10. Electronic - portable (pocket) - computer - spreadsheets
Consequent
Current Assets
identify the four helpful calculating tools
Volume Formula
11. A measure of the number of days needed to collect accounts receivable.
invoice
Average Collection Turnover
amortization period
popularity index
12. A bill
liabilities
invoice
perishable
preference shares
13. Cost of the an item/# of portions it contains.
risk
standard portion cost
discount
minimum
14. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
Average Collection Turnover
mortgagor
overtime
15. Paid dividends after the preference shares have been paid
common shares
divisor
Lowest common denominator
part
16. A metric unit of weight equal to one thousandth of a kilogram
Gram
Dividend
Net Price
Liter
17. The smallest number - other than zero - that can be the denominator for two or more common fractions
capital cost allowance
Break Even Point
range
Lowest common denominator
18. Things you own
income statement
yield percentage
what are the two main types of shares
assets
19. Will not decay or rot
nonperishable
purchase specification
conventional mortgage
mortgagor
20. Interest is paid twice a year
purchase specification
compounded sem-annually
degree celsius
capital cost allowance
21. Keeping budgeted costs as close as possible to actual costs.
Percent
Cost control
Cylinder Volume
median
22. A comparison of two numbers
compounded monthly
prime cost
ratio
percent sign
23. An item of data the stays the same
constant
nonperishable
trade discount
physical inventory
24. The depreciation of an asset as an expense
high-ratio mortgage
employee turnover
capital cost allowance
Rate
25. The amount that can actually be eaten - after trimming and cooking
compounded quarterly
p.a.
edible portion (EP) amount
statistic
26. End of month.
divisor
E.O.M
what are the two main types of shares
prime cost
27. The variable of the percentage formula that represents a part of the base.
Average Daily Sales
part
percent
retired or amortized
28. V = pir2h
divisor
Complement
Cylinder Volume
Quick Ratio
29. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units
ratio
Conversion factor
what are the two main types of shares
Net Price
30. The variable of the percentage formula that defines how much or what part the portion is of the base. The rate is the variable with the percent sign.
mortgagee
Fixed cost
mode
Rate
31. The money paid to an employee based on a percentage of their sales
semi variable cost
investment
sales commission
Complement
32. V=lwh
Volume Formula
Metric system
median
coupon
33. The variable of the percentage formula that represents 100% - or the whole thing.
statistic
Proportion
invoice
Base
34. (simple average) adding the group of items and dividing by the total number of items
fixed costs
mean
residual value
on sale
35. Direct materials cost plus direct labor cost.
part
range
invoice
prime cost
36. Scaling factor based on yield
desired yield
Current Assets
divisor
lease
37. The process of repossessing and selling the real or personal property when the borrower has defaulted
foreclosure
List Price
Break Even Point
stores
38. Costs that remain constant
Cylinder Volume
fixed costs
sample
identify the four helpful calculating tools
39. The number of sales / number of covers
default
compounded daily
average cover formula
Base
40. The number you are multipliying by
extention
multiplier
lease
average cover formula
41. The original cost of an item
capital cost allowance
List price
variable costs
Average Collection Turnover
42. Number calculated from population data
save
range
chain discounts
parameter
43. An inventory costing method that assigns the most recent costs to ending inventory
sales tax
perpetual inventory
stores
FIFO method
44. When an item is discounted or less than the original price
price earnings ratios
mode
on sale
Lowest common denominator
45. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
standardized recipe
variable
percent sign
preference shares
46. Liable to perish
front-loaded
variable
perishable
cooking loss test
47. Investing in a well-established company
medium risk investment
cash flow
perpetual inventory
Base
48. The new percent obtained by subtracting the change percent from 100%.
Complement
dupe
Gram
mode
49.
degree celsius
average wholesale price AWP
percent sign
shares
50. Interest is paid twelve times a year
part
cover
compounded monthly
foreclosure