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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. A metric unit of weight equal to one thousandth of a kilogram
Gram
variable
multiplicand
what are the two types of interest
2. Turning assets into cash.
collateral
multi modal
mortgage
Liquidity of Assets
3. Real estate (houses - condos - warehouses - factories - etc)
weighted average
real property
sensitivity analysis
Proportion
4. Per annum - yearly
p.a.
front-loaded
real property
cross multiply
5. Costs that fluctuate
compounded interest
edible portion (EP) amount
complete enumeration survey
variable costs
6. Discounts offered to encourage customers to pay their bills on time
standard employee hours
cash discounts
compounded quarterly
average wholesale price AWP
7. Outside numbers in a ratio.
Extremes
purchase specification
prime cost
physical inventory
8. A number calculated from sample data
statistic
perishable
variable cost
Trade Discount
9. A rate that one currency can be exchanged for another
personal property
perishable
numerator
foreign currency exchange
10. Cost of the an item/# of portions it contains.
standard portion cost
Extremes
numerator
Kilo-
11. Amount of money coming in and going out of your business monthly
compounded interest
medium risk investment
cash flow
sales tax
12. A series of discounts
peak hours
Means
chain discounts
degree celsius
13. The point where income and expenses intersect (no loss or profit)
break even point
prime cost
Milli-
front-loaded
14. A decimal system of weights and measures based on the meter and the kilogram and the second
two methods calculators use to process information
Metric system
investment
sales tax
15. The edible-portion (EP) quantity of a food item divided by the as-purchased (AP) quantity expressed as a percentage.
Borrow
Cube Volume
yield percentage
Depreciation
16. Money charged by the government and added to the original price of an item
conventional mortgage
standard portion cost
sales tax
Conversion factor
17. 0.01 - 1/100 - hundredth
Gram
Centi-
sensitivity analysis
Cylinder Volume
18. Current assets/ current liabilities
liabilities
Current Ratio
peak hours
Metric system
19. An itemized statement of money owed for goods shipped or services rendered
invoice
Average Daily Sales
lessor
dividend
20. Manages; guides; controls; commands; tells or shows the way
directs
residual value
term
Fixed cost
21. End of month.
mortgagee
E.O.M
simple interest
Trade Credit
22. The owner of the property
lessor
break even point
price earnings ratios
multiplier
23. 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.
Cylinder Volume
foreclosure
Rate
Break Even Point Formula
24. Cost associated with fixed expenses such as rent - debt service and administration.
discount
overhead cost
maximum
compounded monthly
25. Parts of a whole number
fractions
invoice
low risk investment
Denominator
26. A portion of the population being studied
Trade Credit
E.O.M
dividend
sample
27. Liable to perish
perishable
Ratio Analysis
Meter
maximum
28. Sheet that lists all menu items that are going - to be prepared for a given date
perpetual inventory
cash flow
Liter
production sheet
29. The person paying to borrow property for a certain amount of time for payments
Liquidity of Assets
lessee
Average Collection Turnover
FIFO method
30. The point at which you stop losing money.
standard portion cost
lessee
Break Even Point
deci-
31. The lowest number in a group of data
minimum
average wholesale price AWP
proportion
dividend
32. The first number
dupe
Meter
lessor
multiplicand
33. The part of a fraction above the line - which tells how many parts are being counted.
numerator
peak hours
yield percentage
coupon
34. Algebraic - arithmetic
two methods calculators use to process information
Depreciation
Percent
cooking loss test
35. A decrease in price or value
Depreciation
median
fractions
prime cost
36. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
Break Even Point Formula
average wholesale price AWP
Meter
Dividend
37. V = pir2h
Cylinder Volume
E.O.M
compounded monthly
variable costs
38. Keeping budgeted costs as close as possible to actual costs.
Average Collection Turnover
Cost control
operational plan
discount
39. Accounts receivable/ average daily sales
on sale
what are the two types of interest
Average Collection Turnover
Cone Volume
40. Provide a specific dividend that is paid before any dividends are paid to common stock holders
preference shares
edible portion (EP) amount
compounded interest
Centi-
41. The basic unit of length adopted under the Systeme International d'Unites (approximately 1.094 yards)
Meter
popularity index
Antecedent
minimum
42. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
cooking loss test
collateral
on sale
43. A percentage discount for buyers associated with the products being sold
price earnings ratios
trade discount
forecasting
simple interest
44. The unexpected variablility of returns
define:money factor
part
stores
risk
45. A comparison of two numbers
standard employee hours
nonperishable
ratio
List Price
46. Costs that remain constant
multiplicand
personal property
lease
fixed costs
47. The divisor of a fraction
Denominator
compounded interest
p.a.
simple interest
48. The property of having material worth (often indicated by the amount of money something would bring if sold)
Cost
Kilo-
Direct variable cost
Means
49. The variable of the percentage formula that represents a part of the base.
two methods calculators use to process information
what are the two main types of shares
mortgagor
part
50. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
popularity index
physical inventory
Average Collection Turnover
Depreciation