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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 chart that shows the balance of the mortgage after each amortization period
numerator
sensitivity analysis
balance sheet
amortization schedule
2. Shows the assets - liabilities and financial position of the company
prime cost
Net Price
balance sheet
part
3. Inside numbers in a ratio.
Dividend
average cover formula
Means
maximum
4. A person who is tricked or swindled
liabilities
dupe
cash flow
deci-
5. To not spend
compounded annually
standard employee hours
sensitivity analysis
save
6. Adding columns of figures horizontally and vertically to check that the totals agree
amortization period
organization chart
purchase specification
cross-footing
7. Cost associated with fixed expenses such as rent - debt service and administration.
semi variable cost
overhead cost
on sale
Break Even Point
8. A contract giving someone the right to use something for a certain length of time
Centi-
multiplier
lease
price earnings ratios
9. The divisor of a fraction
Metric system
Denominator
cash flow
average cover formula
10. Number calculated from population data
parameter
fractions
Cost
directs
11. A percentage discount to customers
purchase specification
special discounts
amortization schedule
Centi-
12. The original cost of an item
overtime
variable costs
List price
compounded monthly
13. A number to be divided by another number
cash discounts
overhead cost
Dividend
Ratio Analysis
14. Investing in a well-established company
production sheet
constant
cash discounts
medium risk investment
15. The process of repossessing and selling the real or personal property when the borrower has defaulted
foreclosure
sales history
requisition
preference shares
16. The variable of the percentage formula that represents 100% - or the whole thing.
medium risk investment
dividend
purchase specification
Base
17. The person paying to borrow property for a certain amount of time for payments
requisition
special discounts
mode
lessee
18. The amount that can actually be eaten - after trimming and cooking
mean
Divisor
numerator
edible portion (EP) amount
19. Interest is paid twice a year
compounded sem-annually
define:money factor
standard employee hours
variable costs
20. Costs that remain constant
Divisor
fixed costs
collateral
high risk investment
21. The info collected from a survey and the figures generated through statistical analysis
discount
multiplier
bonds
data
22. The number to be divided by
Inventory Turnover
dividend
Trade Discount
percent
23. The depreciation of an asset as an expense
capital cost allowance
Borrow
invoice
front-loaded
24. Shows the money coming in and expenses for a certain period of time.
cooking loss test
variable cost
Break Even Point Formula
income statement
25. Identifies short-term activities to implement strategic plans
shares
operational plan
real property
investment
26. Money charged by the government and added to the original price of an item
Cost
investment
sales tax
term
27. The highest number in a group of data
bottom line figures
Meter
Extremes
maximum
28. Basic unit of volume in the metric system
liabilities
Liter
perishable
Net Price
29. One thousand grams - thousand
Inventory Turnover
Kilo-
residual value
chain discounts
30. Interest is paid once a year
variable cost
medium risk investment
dividend
compounded annually
31. Paid dividends after the preference shares have been paid
Current Assets
Cone Volume
common shares
prime cost
32. A bill
yield percentage
complete enumeration survey
invoice
chain discounts
33. A number calculated from sample data
statistic
sales history
degree celsius
on sale
34. A portion of the population being studied
Fixed cost
sample
compounded daily
cooking loss test
35. You may get a large return or get nothing
compounded interest
high risk investment
invoice
dividend
36. An itemized statement of money owed for goods shipped or services rendered
degree celsius
cash discounts
extention
invoice
37. Multiply cross products to solve (top x bottom = top x bottom)
cross multiply
Subtotal
sales commission
dupe
38. Non-payment
maximum
break even point
popularity index
default
39. To take away from the original cost of something
average wholesale price AWP
E.O.M
discount
cross-footing
40. A measure of how many times the value of the inventory is sold in one year.
Inventory Turnover
extention
Average Collection Turnover
chain discounts
41. The number you are multipliying by
income statement
multiplier
cross-footing
Ratio Analysis
42. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
Dividend
standardized recipe
discount
constant
43. V = e 3
Divisor
Cube Volume
fractions
ratio
44. The length of time until the debt is zero
Centi-
amortization period
shares
compounded quarterly
45. When two ratios are equal
proportion
Trade Credit
compounded monthly
variable costs
46. Total amount before another amount is added or subtracted
nonperishable
Liter
Subtotal
Volume Formula
47. The total of units multiplied by the price
multiplier
define:money factor
extention
Cost
48. 3am or 4am when most people are in a deep sleep.
Compounded
peak hours
Proportion
lease
49. Money given to someone on condition the person will return the money and interest by a specific date
standardized recipe
amortization schedule
loan
common shares
50. Tenth - .1
deci-
assets
percent sign
mortgagor
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