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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
percent sign
term
Cone Volume
FIFO method
2. Electronic - portable (pocket) - computer - spreadsheets
discount
cover
identify the four helpful calculating tools
mortgagor
3.
degree celsius
mode
variable costs
median
4. Cost associated with fixed expenses such as rent - debt service and administration.
on sale
overhead cost
two methods calculators use to process information
income statement
5. Be sufficient to meet - defray - or offset the charge or cost of
part
income statement
cross multiply
cover
6. You may get a large return or get nothing
high risk investment
production sheet
Consequent
Current Ratio
7. An itemized statement of money owed for goods shipped or services rendered
variable
minimum
complete enumeration survey
invoice
8. Seizing property that belongs to someone else and holding it until profits pay the demand for which it was seized
requisition
desired yield
what are the three items that may have to be subracted from the gross return figure when calculating net return
constant
9. Part ownership in a company
Break Even Point
constant
shares
high risk investment
10. A complete set of individuals - objects or scores being studied
Conversion factor
degree celsius
population
shares
11. Multiply cross products to solve (top x bottom = top x bottom)
Denominator
cross multiply
invoice
investment
12. The owner of the property
lessor
peak hours
preference shares
Fixed cost
13. A series of discounts
preference shares
fixed costs
identify the four helpful calculating tools
chain discounts
14. Paid in full
cross-footing
cash flow
retired or amortized
lease
15. The point where income and expenses intersect (no loss or profit)
Complement
break even point
desired yield
Cube Volume
16. A statement made about the future
Subtotal
forecasting
purchase specification
term
17. When several percentages occur in successions.
cross multiply
what are the two main types of shares
Compounded
mortgagor
18. Interest calculated on the principle
Average Collection Turnover
simple interest
assets
production sheet
19. Total fixed costs/ selling price-variable cost
Break Even Point Formula
Inventory Turnover
bonds
multi modal
20. A contract giving someone the right to use something for a certain length of time
Volume Formula
Centi-
lease
Trade Credit
21. The divisor of a fraction
shares
Denominator
on sale
Base
22. A decrease in price or value
List Price
Complement
capital cost allowance
Depreciation
23. N. items or materials needed for something such as a business - expedition - or vessel
stores
income statement
trade discount
Net Price
24. 0.01 - 1/100 - hundredth
dividend
parameter
Borrow
Centi-
25. The property of having material worth (often indicated by the amount of money something would bring if sold)
Cost
what are the two main types of shares
sales history
Cone Volume
26. The price after any down-payment or trade-in
mortgagee
net capitalized cost
sales commission
cover
27. End of month.
Borrow
Liter
E.O.M
sales history
28. Paid dividends after the preference shares have been paid
standard employee hours
common shares
discount
extention
29. The interest amount is small - but you are guaranteed to get something
assets
amortization schedule
sales commission
low risk investment
30. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
standard portion size
mortgagee
average wholesale price AWP
nonperishable
31. The unexpected variablility of returns
Divisor
risk
personal property
fixed costs
32. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
popularity index
Proportion
medium risk investment
purchase specification
33. Commission fee - inflation rate - capital gains tax
break even point
what are the two types of interest
average cover formula
what are the three items that may have to be subracted from the gross return figure when calculating net return
34. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
forecasting
sensitivity analysis
Direct variable cost
perpetual inventory
35. The price paid after the trade discount has been subtracted.
Net Price
collateral
organization chart
bottom line figures
36. One thousand grams - thousand
Current Ratio
Kilo-
residual value
nonperishable
37. Will not decay or rot
nonperishable
mortgagee
Compounded
Milli-
38. Interest is paid four times a year
compounded quarterly
lease
dupe
edible portion (EP) amount
39. The lender
mortgagee
semi variable cost
mean
Consequent
40. Deciding if its worth the risk
loan
sensitivity analysis
Average Collection Turnover
standard portion size
41. Way to measure amount of product shrinkage during cooking/roasting process
Average Daily Sales
cooking loss test
Gram
average cover formula
42. 1 ounce or less per guest
Break Even Point
Antecedent
purchase specification
standard portion size
43. Two equivalent ratios joined by an equal sign.
investment
degree celsius
Proportion
dividend
44. Indicators of the confidence investors have in a company (the higher the better)
amortization schedule
price earnings ratios
default
Gram
45. Amount of money coming in and going out of your business monthly
weighted average
average cover formula
assets
cash flow
46. Manages; guides; controls; commands; tells or shows the way
directs
average cover formula
Cone Volume
cooking loss test
47. Of one hundred
cover
percent
Ratio
lessee
48. The variable of the percentage formula that represents 100% - or the whole thing.
Base
Subtotal
residual value
Depreciation
49. The number to be divided by
simple interest
dividend
standardized recipe
break even point
50. Get temporarily
Extremes
Borrow
special discounts
deci-