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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 length of the loan
term
desired yield
Gram
dividend
2. Commission fee - inflation rate - capital gains tax
Cost control
what are the three items that may have to be subracted from the gross return figure when calculating net return
production sheet
variable costs
3. Total amount before another amount is added or subtracted
perpetual inventory
Subtotal
Current Assets
sensitivity analysis
4. Allows you to buy merchandise from a supplier and pay at a later - specified date.
perishable
amortization period
mean
Trade Credit
5. Keeping budgeted costs as close as possible to actual costs.
bonds
Net Price
Cost control
constant
6. The highest number in a group of data
Extremes
maximum
chain discounts
requisition
7. Shows the money coming in and expenses for a certain period of time.
income statement
liabilities
statistic
Lowest common denominator
8. A way of expressing a change from an original amount to a new amount without using a percentage sign.
Lowest common denominator
cash flow
Ratio
percentage points
9. Cash + receivables/ current liabilities.
Quick Ratio
semi variable cost
simple interest
coupon
10. Interest is paid twelve times a year
percent
bottom line figures
compounded monthly
assets
11. Detailed instructions describing the way a particular foodservice operation prepares a particular dish
standardized recipe
Antecedent
Kilo-
complete enumeration survey
12. The money paid to an employee based on a percentage of their sales
sales commission
Quick Ratio
cross-footing
liabilities
13. N. items or materials needed for something such as a business - expedition - or vessel
Cube Volume
stores
Dividend
dividend
14. Things you own
Break Even Point Formula
overhead cost
assets
mode
15. The difference between the highest and lowest numbers in a set of data
compounded daily
Liquidity of Assets
range
Kilo-
16. A comparison of two numbers
ratio
mortgagor
interest
List price
17. 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.
low risk investment
liabilities
Rate
Subtotal
18. Investing in a well-established company
medium risk investment
popularity index
compounded daily
overhead cost
19. The interest amount is small - but you are guaranteed to get something
low risk investment
complete enumeration survey
mortgagor
mortgage
20.
degree celsius
price earnings ratios
weighted average
desired yield
21. The borrower
standard portion cost
what are the two types of interest
mortgagor
sales history
22. Identifies short-term activities to implement strategic plans
operational plan
Denominator
popularity index
Ratio Analysis
23. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
trade discount
Trade Credit
high risk investment
percent sign
24. When an item is discounted or less than the original price
capital cost allowance
medium risk investment
stores
on sale
25. A contract giving someone the right to use something for a certain length of time
Fixed cost
lease
ratio
cash flow
26. Way to measure amount of product shrinkage during cooking/roasting process
lessor
loan
per diem
cooking loss test
27. V=lwh
Volume Formula
Lowest common denominator
organization chart
discount
28. The divisor of a fraction
Metric system
Net Price
Denominator
sensitivity analysis
29. A rate that one currency can be exchanged for another
foreign currency exchange
percentage points
net capitalized cost
data
30. The number you are multipliying by
invoice
multiplier
cash flow
percent
31. The part of a fraction above the line - which tells how many parts are being counted.
Base
numerator
Break Even Point Formula
Cost control
32. A metric unit of weight equal to one thousandth of a kilogram
Gram
Extremes
net capitalized cost
Dividend
33. Paid dividends after the preference shares have been paid
List Price
multi modal
operational plan
common shares
34. Property other than real estate (often called a chattel mortgage)
personal property
part
prime cost
mode
35. An item of data that has a different value at different times
variable
overhead cost
Liter
lease
36. Simple and compound
risk
what are the two types of interest
peak hours
average wholesale price AWP
37. A percentage discount for buyers associated with the products being sold
special discounts
Cylinder Volume
weighted average
trade discount
38. A bill
sales history
invoice
default
Depreciation
39. Scaling factor based on yield
desired yield
Centi-
yield percentage
default
40. End of month.
E.O.M
prime cost
standard portion cost
net capitalized cost
41. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
Trade Discount
amortization period
sales commission
42. The amount the property is worth at the end of the lease
residual value
average cover formula
Quick Ratio
personal property
43. Compares two numbers or quantities by using division.
operational plan
Ratio
capital cost allowance
constant
44. Per annum - yearly
p.a.
E.O.M
preference shares
Quick Ratio
45. A statement made about the future
real property
forecasting
nonperishable
average wholesale price AWP
46. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
high-ratio mortgage
edible portion (EP) amount
mortgagor
employee turnover
47. The number by which a dividend is divided
population
statistic
deci-
Divisor
48. V = pir2h
numerator
Cylinder Volume
high risk investment
Average Collection Turnover
49. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
Liquidity of Assets
dividend
chain discounts
perpetual inventory
50. Interest is paid 365 times a year
compounded daily
desired yield
invoice
what are the two main types of shares