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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. Systematic recording of all sales achieved during a predetermined time period
sales history
dupe
mortgage
low risk investment
2. Algebraic - arithmetic
price earnings ratios
two methods calculators use to process information
cross multiply
requisition
3. A series of discounts
Direct variable cost
List Price
chain discounts
what are the two main types of shares
4. The lowest number in a group of data
amortization schedule
what are the two types of interest
minimum
variable cost
5. First term in a ratio.
Antecedent
cross multiply
range
mean
6. A cost that does not change - no matter how much of a good is produced
bonds
Average Collection Turnover
Fixed cost
Centi-
7. A rate that one currency can be exchanged for another
edible portion (EP) amount
cash discounts
foreign currency exchange
proportion
8. The number of sales / number of covers
trade discount
income statement
investment
average cover formula
9. A complete set of individuals - objects or scores being studied
population
two methods calculators use to process information
data
employee turnover
10. Per annum - yearly
cooking loss test
p.a.
multiplicand
range
11. Simple and compound
what are the two types of interest
cash flow
weighted average
bottom line figures
12. The new percent obtained by subtracting the change percent from 100%.
Net Price
Complement
sales history
balance sheet
13. Non-payment
default
minimum
risk
complete enumeration survey
14. A chart that shows the balance of the mortgage after each amortization period
price earnings ratios
amortization schedule
Gram
overhead cost
15. V = 1/3 pir2h
compounded daily
two methods calculators use to process information
Fixed cost
Cone Volume
16. Will not decay or rot
Inventory Turnover
coupon
medium risk investment
nonperishable
17. Adding columns of figures horizontally and vertically to check that the totals agree
parameter
personal property
cross-footing
common shares
18. V = pir2h
two methods calculators use to process information
sales tax
p.a.
Cylinder Volume
19. Percentage of the list price.
Centi-
standard portion size
Trade Discount
statistic
20. Loans to companies or goverments (no voting rights)
bonds
peak hours
constant
Cone Volume
21. Number calculated from population data
what are the two types of interest
forecasting
overtime
parameter
22. Amounts of money you owe
liabilities
Liter
mode
Subtotal
23. V=lwh
Volume Formula
compounded monthly
sample
percent sign
24. Accounts receivable/ average daily sales
Average Collection Turnover
dupe
loan
Lowest common denominator
25. Interest is paid four times a year
Average Collection Turnover
compounded quarterly
Extremes
yield percentage
26. Indicators of the confidence investors have in a company (the higher the better)
Meter
Gram
price earnings ratios
organization chart
27. Shows the money coming in and expenses for a certain period of time.
multiplier
income statement
special discounts
prime cost
28. Direct materials cost plus direct labor cost.
Liter
high risk investment
Borrow
prime cost
29. Costs that remain constant
fixed costs
compounded interest
Cylinder Volume
variable costs
30. Outside numbers in a ratio.
edible portion (EP) amount
standardized recipe
Extremes
chain discounts
31. A cost that rises or falls depending on how much is produced
medium risk investment
cash discounts
perishable
variable cost
32. A number to be divided by another number
Dividend
weighted average
compounded interest
Kilo-
33. The most frequently occuring value in a group of data
Cylinder Volume
mode
percent
percent sign
34. The smallest number - other than zero - that can be the denominator for two or more common fractions
variable costs
Cube Volume
Average Collection Turnover
Lowest common denominator
35. Way to measure amount of product shrinkage during cooking/roasting process
sample
cooking loss test
standard portion size
Dividend
36. Cost associated with fixed expenses such as rent - debt service and administration.
directs
identify the four helpful calculating tools
overhead cost
foreclosure
37. Cost of the an item/# of portions it contains.
nonperishable
Average Daily Sales
chain discounts
standard portion cost
38. N. items or materials needed for something such as a business - expedition - or vessel
overhead cost
Trade Discount
stores
sales commission
39. The point at which you stop losing money.
standardized recipe
two methods calculators use to process information
foreclosure
Break Even Point
40. Paid dividends after the preference shares have been paid
Depreciation
Complement
common shares
lessor
41. A number calculated from sample data
edible portion (EP) amount
income statement
statistic
List Price
42. The info collected from a survey and the figures generated through statistical analysis
data
mean
term
Cylinder Volume
43. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
parameter
Trade Credit
range
percent sign
44. The length of the loan
Cost control
Denominator
term
List Price
45. A percentage discount for buyers associated with the products being sold
foreclosure
parameter
trade discount
Net Price
46. Used often by business management to analyze the financial position of the business.
lessee
term
preference shares
Ratio Analysis
47. An inventory costing method that assigns the most recent costs to ending inventory
FIFO method
interest
Trade Credit
save
48. When an item is discounted or less than the original price
Cost
on sale
sales commission
proportion
49. (simple average) adding the group of items and dividing by the total number of items
Means
medium risk investment
mean
organization chart
50. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
Liter
average wholesale price AWP
two methods calculators use to process information
Base