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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 point at which you stop losing money.
cover
Break Even Point
save
conventional mortgage
2. The variable of the percentage formula that represents 100% - or the whole thing.
overtime
on sale
Base
Percent
3. A complete set of individuals - objects or scores being studied
population
Ratio Analysis
ratio
cash flow
4. Deciding if its worth the risk
percentage points
operational plan
sensitivity analysis
median
5. Where info is collected for every unit of the population
variable
complete enumeration survey
range
what are the two types of interest
6. Real estate (houses - condos - warehouses - factories - etc)
income statement
Gram
real property
define:money factor
7. A series of discounts
Current Ratio
chain discounts
mean
Kilo-
8. Used often by business management to analyze the financial position of the business.
mortgage
compounded daily
Cost
Ratio Analysis
9. Sheet that lists all menu items that are going - to be prepared for a given date
employee turnover
production sheet
popularity index
Compounded
10. The price paid after the trade discount has been subtracted.
Net Price
semi variable cost
sales commission
break even point
11. Suggested Retail Price
multiplicand
List Price
average wholesale price AWP
FIFO method
12. A comparison of two numbers
save
Cone Volume
bottom line figures
ratio
13. An item of data the stays the same
constant
lessee
bottom line figures
proportion
14. Basic unit of volume in the metric system
Fixed cost
Antecedent
directs
Liter
15. Per annum - yearly
p.a.
divisor
Depreciation
invoice
16. Simple and compound
perishable
ratio
what are the two types of interest
part
17. A portion of the population being studied
sample
Liter
Liquidity of Assets
Means
18. Total annual sales/365
organization chart
dupe
high-ratio mortgage
Average Daily Sales
19. Interest is paid twelve times a year
residual value
personal property
compounded monthly
liabilities
20. A bill
mortgagor
liabilities
Subtotal
invoice
21. A contract giving someone the right to use something for a certain length of time
lease
dividend
what are the two main types of shares
identify the four helpful calculating tools
22. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
Liquidity of Assets
mortgagor
average wholesale price AWP
Centi-
23. The unexpected variablility of returns
risk
special discounts
loan
proportion
24. The amount that can actually be eaten - after trimming and cooking
two methods calculators use to process information
edible portion (EP) amount
average cover formula
forecasting
25. Shows the assets - liabilities and financial position of the company
part
E.O.M
sales commission
balance sheet
26. Percentage of the list price.
Cost control
residual value
Trade Discount
numerator
27. Loans to companies or goverments (no voting rights)
amortization schedule
parameter
bonds
percent sign
28. Inside numbers in a ratio.
price earnings ratios
fractions
Means
Trade Discount
29. Turning assets into cash.
Liquidity of Assets
Base
deci-
Direct variable cost
30. Used when the each piece of data has more than one component
Inventory Turnover
Conversion factor
average wholesale price AWP
weighted average
31. 1 ounce or less per guest
deci-
standard portion size
standard portion cost
medium risk investment
32. Get temporarily
Borrow
lease
real property
sales commission
33. Outside numbers in a ratio.
proportion
Extremes
lease
peak hours
34. Investing in a well-established company
medium risk investment
multiplier
Proportion
mortgagor
35. A rate that one currency can be exchanged for another
cross multiply
foreign currency exchange
extention
chain discounts
36. A number calculated from sample data
semi variable cost
lessee
statistic
income statement
37. Things you own
two methods calculators use to process information
discount
nonperishable
assets
38. Cash or assets that can quickly be converted into cash.
cash flow
multiplicand
mortgagor
Current Assets
39. The new percent obtained by subtracting the change percent from 100%.
Trade Discount
Complement
physical inventory
invoice
40. 3am or 4am when most people are in a deep sleep.
p.a.
edible portion (EP) amount
compounded interest
peak hours
41. The money paid to an employee based on a percentage of their sales
Extremes
sales commission
Cylinder Volume
cross multiply
42. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
part
Ratio
Complement
Meter
43. Shows the money coming in and expenses for a certain period of time.
deci-
save
bottom line figures
income statement
44. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
identify the four helpful calculating tools
mode
yield percentage
coupon
45. Direct materials cost plus direct labor cost.
Cone Volume
degree celsius
what are the three items that may have to be subracted from the gross return figure when calculating net return
prime cost
46. A number to be divided by another number
Dividend
FIFO method
constant
complete enumeration survey
47. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
mortgagee
employee turnover
default
coupon
48. The score that falls in the middle
median
operational plan
Base
on sale
49. A metric unit of weight equal to one thousandth of a kilogram
Cylinder Volume
Gram
Kilo-
mean
50. The highest number in a group of data
identify the four helpful calculating tools
maximum
term
preference shares