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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 total of units multiplied by the price
identify the four helpful calculating tools
investment
extention
Divisor
2. Sheet that lists all menu items that are going - to be prepared for a given date
personal property
data
foreclosure
production sheet
3. N. items or materials needed for something such as a business - expedition - or vessel
compounded interest
percent
stores
cash discounts
4. Shows the assets - liabilities and financial position of the company
Kilo-
Proportion
dividend
balance sheet
5. A paper that entitles the holder to a discount on a particular item
lessee
List Price
coupon
interest
6. The price after any down-payment or trade-in
net capitalized cost
standard portion cost
Conversion factor
break even point
7. Keeping budgeted costs as close as possible to actual costs.
Average Collection Turnover
organization chart
E.O.M
Cost control
8. The divisor of a fraction
Denominator
Means
simple interest
invoice
9. Inside numbers in a ratio.
risk
Means
Compounded
Break Even Point
10. The amount of money borrowed is between 75% - 95% of the purchase price
invoice
conventional mortgage
sensitivity analysis
high-ratio mortgage
11. Money charged by the government and added to the original price of an item
Consequent
Fixed cost
organization chart
sales tax
12. Accounts receivable/ average daily sales
Average Collection Turnover
maximum
lessor
Inventory Turnover
13. When several percentages occur in successions.
Compounded
Gram
organization chart
what are the two types of interest
14. A complete set of individuals - objects or scores being studied
Dividend
Ratio Analysis
default
population
15. Deciding if its worth the risk
requisition
sensitivity analysis
Divisor
Ratio Analysis
16. The borrower
discount
compounded quarterly
default
mortgagor
17. Where info is collected for every unit of the population
cooking loss test
complete enumeration survey
Direct variable cost
bottom line figures
18. The length of time until the debt is zero
amortization period
cover
collateral
standard portion size
19. Money given to someone on condition the person will return the money and interest by a specific date
Cone Volume
Compounded
loan
what are the three items that may have to be subracted from the gross return figure when calculating net return
20. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
foreign currency exchange
Depreciation
standardized recipe
numerator
21. Interest is paid twelve times a year
standard portion cost
residual value
Average Daily Sales
compounded monthly
22. Total annual sales/365
Cost control
percentage points
Meter
Average Daily Sales
23. Paid in full
loan
retired or amortized
List Price
fixed costs
24. Scaling factor based on yield
Percent
dividend
Depreciation
desired yield
25. Cash + receivables/ current liabilities.
lessor
Quick Ratio
part
loan
26. You may get a large return or get nothing
Conversion factor
high risk investment
standardized recipe
Meter
27. Turning assets into cash.
Liquidity of Assets
ratio
variable cost
Ratio
28. Of one hundred
percent
organization chart
Ratio Analysis
Conversion factor
29. Interest is paid once a year
compounded annually
chain discounts
p.a.
perpetual inventory
30. Something that is expected to return a profit
range
Base
investment
default
31. When an item is discounted or less than the original price
on sale
Rate
deci-
what are the three items that may have to be subracted from the gross return figure when calculating net return
32. # of servings of an item / total number of servings of all items in that category each day
Break Even Point
bottom line figures
popularity index
prime cost
33. Allows you to buy merchandise from a supplier and pay at a later - specified date.
Trade Credit
bonds
sales commission
mode
34. The original cost of an item
net capitalized cost
cover
List price
Inventory Turnover
35. A measure of the number of days needed to collect accounts receivable.
Average Collection Turnover
bonds
Denominator
amortization schedule
36. Non-payment
default
divisor
maximum
Volume Formula
37. A rate that one currency can be exchanged for another
cross multiply
complete enumeration survey
foreign currency exchange
default
38. Manages; guides; controls; commands; tells or shows the way
lease
Ratio Analysis
directs
standard portion cost
39. Per annum - yearly
Fixed cost
Metric system
p.a.
define:money factor
40. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
perpetual inventory
balance sheet
medium risk investment
Metric system
41. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
production sheet
balance sheet
physical inventory
default
42. Current assets/ current liabilities
Current Ratio
percent
identify the four helpful calculating tools
divisor
43. Tenth - .1
semi variable cost
data
Current Ratio
deci-
44. A number to be divided by another number
retired or amortized
assets
List Price
Dividend
45. A metric unit of weight equal to one thousandth of a kilogram
real property
standard portion cost
Quick Ratio
Gram
46. A comparison of two numbers
risk
ratio
Cylinder Volume
physical inventory
47. A decimal figure when x by 2400 gives an approximate annual interest rate
define:money factor
Proportion
Milli-
multiplicand
48. Compares two numbers or quantities by using division.
cash discounts
front-loaded
Gram
Ratio
49. An item of data the stays the same
shares
amortization schedule
constant
parameter
50. To take away from the original cost of something
median
minimum
statistic
discount