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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 most frequently occuring value in a group of data
mode
loan
simple interest
popularity index
2. A percentage discount for buyers associated with the products being sold
Cube Volume
proportion
trade discount
medium risk investment
3. A number calculated from sample data
Consequent
Complement
statistic
Ratio Analysis
4. The number by which a dividend is divided
Divisor
retired or amortized
peak hours
what are the two types of interest
5. Multiply cross products to solve (top x bottom = top x bottom)
cross multiply
real property
investment
variable cost
6. Shows the assets - liabilities and financial position of the company
extention
real property
sensitivity analysis
balance sheet
7. N. items or materials needed for something such as a business - expedition - or vessel
Lowest common denominator
percent sign
stores
identify the four helpful calculating tools
8. End of month.
E.O.M
Compounded
Rate
Denominator
9. Total fixed costs/ selling price-variable cost
extention
interest
Break Even Point Formula
cash discounts
10. A person who is tricked or swindled
average cover formula
dupe
requisition
Kilo-
11. Shows the money coming in and expenses for a certain period of time.
Cost control
Break Even Point
Net Price
income statement
12. Per annum - yearly
p.a.
Metric system
multiplicand
Conversion factor
13. Keeping budgeted costs as close as possible to actual costs.
sensitivity analysis
Volume Formula
Cost control
foreclosure
14. Cost of the an item/# of portions it contains.
Divisor
standard portion cost
fixed costs
Compounded
15. Deciding if its worth the risk
real property
Quick Ratio
sensitivity analysis
standardized recipe
16. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
term
minimum
invoice
perpetual inventory
17. A cost that rises or falls depending on how much is produced
variable cost
weighted average
common shares
average cover formula
18. A cost that does not change - no matter how much of a good is produced
Average Collection Turnover
operational plan
ratio
Fixed cost
19. Security for a loan
collateral
dupe
standard employee hours
compounded quarterly
20. When an item is discounted or less than the original price
on sale
parameter
maximum
mean
21. One thousand grams - thousand
liabilities
Average Daily Sales
Kilo-
degree celsius
22. The part of a fraction above the line - which tells how many parts are being counted.
Percent
dupe
numerator
overhead cost
23. The interest amount is small - but you are guaranteed to get something
Lowest common denominator
low risk investment
Average Collection Turnover
edible portion (EP) amount
24. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
high risk investment
requisition
Percent
foreign currency exchange
25. Interest is paid twice a year
Trade Discount
mean
shares
compounded sem-annually
26. Discounts offered to encourage customers to pay their bills on time
cash discounts
Extremes
Rate
Trade Credit
27. Turning assets into cash.
Denominator
Trade Discount
Liquidity of Assets
Net Price
28. Interest is paid twelve times a year
investment
Centi-
special discounts
compounded monthly
29. Property other than real estate (often called a chattel mortgage)
standard employee hours
yield percentage
personal property
Direct variable cost
30. The price paid after the trade discount has been subtracted.
Consequent
Rate
Net Price
Average Collection Turnover
31. Sheet that lists all menu items that are going - to be prepared for a given date
production sheet
multi modal
shares
E.O.M
32. The number of sales / number of covers
sensitivity analysis
Direct variable cost
Centi-
average cover formula
33. Commission fee - inflation rate - capital gains tax
compounded sem-annually
average wholesale price AWP
retired or amortized
what are the three items that may have to be subracted from the gross return figure when calculating net return
34. The first number
multiplicand
real property
Average Collection Turnover
constant
35. Interest is paid 365 times a year
interest
save
compounded daily
Meter
36. The score that falls in the middle
Ratio Analysis
cash flow
peak hours
median
37. A decimal system of weights and measures based on the meter and the kilogram and the second
what are the three items that may have to be subracted from the gross return figure when calculating net return
Metric system
dupe
range
38. The process of repossessing and selling the real or personal property when the borrower has defaulted
Cone Volume
forecasting
foreclosure
Base
39. 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.
Rate
Divisor
Current Ratio
define:money factor
40. V = pir2h
Means
Cylinder Volume
overhead cost
Base
41. Factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units
Conversion factor
requisition
population
front-loaded
42. The point at which you stop losing money.
Break Even Point
percent
List Price
stores
43. To not spend
save
net capitalized cost
Cube Volume
variable costs
44. The price after any down-payment or trade-in
net capitalized cost
Depreciation
mode
high risk investment
45. The divisor of a fraction
Denominator
identify the four helpful calculating tools
mortgage
residual value
46. A loan
Gram
mortgage
dividend
multi modal
47. The depreciation of an asset as an expense
extention
capital cost allowance
nonperishable
net capitalized cost
48. An item of data the stays the same
standardized recipe
investment
constant
maximum
49. The symbol - % - used to represent percents. For example - 1 percent would be written 1%.
data
percent sign
mortgagee
operational plan
50. The difference between the highest and lowest numbers in a set of data
range
Meter
bonds
List price