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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. Multiply cross products to solve (top x bottom = top x bottom)
dividend
on sale
compounded sem-annually
cross multiply
2. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
compounded sem-annually
Direct variable cost
standard portion cost
Inventory Turnover
3. The money paid to an employee based on a percentage of their sales
interest
high risk investment
sales commission
mortgagor
4. When an item is discounted or less than the original price
on sale
default
physical inventory
foreign currency exchange
5. The amount of money borrowed is less than 75% of the purchase price
conventional mortgage
organization chart
cross multiply
Conversion factor
6. A decimal system of weights and measures based on the meter and the kilogram and the second
Metric system
minimum
deci-
multi modal
7. Interest calculated on the principal plus any accumulated interest
Cone Volume
Liter
Fixed cost
compounded interest
8. The number you are multipliying by
Cost control
multiplier
what are the three items that may have to be subracted from the gross return figure when calculating net return
Denominator
9. Security for a loan
simple interest
sales history
collateral
Dividend
10. The process of repossessing and selling the real or personal property when the borrower has defaulted
foreclosure
minimum
cross multiply
median
11. Turning assets into cash.
constant
compounded annually
Liquidity of Assets
bottom line figures
12. Investing in a well-established company
purchase specification
percent sign
numerator
medium risk investment
13. Total fixed costs/ selling price-variable cost
Average Daily Sales
compounded annually
standard employee hours
Break Even Point Formula
14. The unexpected variablility of returns
Subtotal
cooking loss test
Break Even Point
risk
15. The national average cost of a drug product to a pharmacy; however - in practice this simply 'benchmark' price set by manufacturers.
average wholesale price AWP
perishable
Average Collection Turnover
medium risk investment
16. You may get a large return or get nothing
high risk investment
sales history
Denominator
sample
17. Percentage of the list price.
statistic
variable costs
proportion
Trade Discount
18. The difference between the highest and lowest numbers in a set of data
amortization schedule
range
dividend
preference shares
19. Accounts receivable/ average daily sales
Direct variable cost
Average Collection Turnover
fixed costs
mortgagee
20. Paid dividends after the preference shares have been paid
mode
common shares
default
yield percentage
21. The lender
mortgagee
Cost control
Borrow
List price
22. The new percent obtained by subtracting the change percent from 100%.
Average Collection Turnover
Depreciation
Complement
Compounded
23. Cost associated with fixed expenses such as rent - debt service and administration.
interest
what are the three items that may have to be subracted from the gross return figure when calculating net return
overhead cost
chain discounts
24. V = 1/3 pir2h
Cone Volume
List Price
Antecedent
Inventory Turnover
25. Number calculated from population data
discount
production sheet
parameter
constant
26. To take away from the original cost of something
data
Trade Credit
discount
deci-
27. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
Cost control
medium risk investment
Percent
Conversion factor
28. The most frequently occuring value in a group of data
balance sheet
mode
Cone Volume
Divisor
29. Be sufficient to meet - defray - or offset the charge or cost of
compounded sem-annually
lessee
cover
Consequent
30. The number by which a dividend is divided
Divisor
break even point
cooking loss test
maximum
31. Parts of a whole number
investment
statistic
fractions
compounded annually
32.
degree celsius
Meter
List price
employee turnover
33. Amount of money coming in and going out of your business monthly
Average Daily Sales
Cylinder Volume
yield percentage
cash flow
34. Scaling factor based on yield
what are the two main types of shares
desired yield
compounded annually
Ratio
35. Discounts offered to encourage customers to pay their bills on time
discount
Current Assets
simple interest
cash discounts
36. The price paid after the trade discount has been subtracted.
semi variable cost
special discounts
Net Price
compounded annually
37. The variable of the percentage formula that represents 100% - or the whole thing.
Percent
constant
Base
dividend
38. Loans to companies or goverments (no voting rights)
bottom line figures
E.O.M
bonds
operational plan
39. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
compounded quarterly
Percent
Antecedent
40. End of month.
low risk investment
edible portion (EP) amount
E.O.M
Liquidity of Assets
41. The price after any down-payment or trade-in
average wholesale price AWP
net capitalized cost
fixed costs
organization chart
42. Two equivalent ratios joined by an equal sign.
desired yield
Proportion
loan
List Price
43. Tenth - .1
average wholesale price AWP
lessee
net capitalized cost
deci-
44. More than one frequently occuring value in a group of data
Current Assets
Denominator
range
multi modal
45. 1 ounce or less per guest
organization chart
standard portion size
lease
Consequent
46. Cash + receivables/ current liabilities.
maximum
List price
Average Daily Sales
Quick Ratio
47. 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.
complete enumeration survey
Net Price
Antecedent
Rate
48. Share of the profits of a company
foreign currency exchange
operational plan
dividend
Ratio Analysis
49. A percentage discount to customers
physical inventory
percentage points
special discounts
edible portion (EP) amount
50. The first number
percent sign
Lowest common denominator
default
multiplicand