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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. Cost of the an item/# of portions it contains.
standard portion cost
Quick Ratio
Ratio
percent
2. A contract giving someone the right to use something for a certain length of time
range
lease
Average Daily Sales
nonperishable
3. Parts of a whole number
fractions
what are the two types of interest
Cost
Current Assets
4. The ratio of the number of workers that had to be replaced in a given time period to the average number of workers
chain discounts
Trade Credit
data
employee turnover
5. A comparison of two numbers
compounded interest
real property
operational plan
ratio
6. An actual count of merchandise to determine the exact quantity on hand is referred to as a(n) .
Base
physical inventory
retired or amortized
Net Price
7. Second term in a ratio.
collateral
range
special discounts
Consequent
8. The number to be divided by
dividend
production sheet
Base
Break Even Point Formula
9. Costs that fluctuate
standardized recipe
Direct variable cost
variable costs
what are the three items that may have to be subracted from the gross return figure when calculating net return
10. The number by which a dividend is divided
Metric system
Divisor
cover
mortgagor
11. V = 1/3 pir2h
chain discounts
special discounts
yield percentage
Cone Volume
12. When several percentages occur in successions.
Compounded
Average Daily Sales
low risk investment
sales tax
13. The number you are dividing by
mode
standard employee hours
Complement
divisor
14. 3am or 4am when most people are in a deep sleep.
peak hours
variable
standard employee hours
prime cost
15. The price paid after the trade discount has been subtracted.
Net Price
numerator
extention
sales tax
16. The amount the property is worth at the end of the lease
residual value
Extremes
medium risk investment
nonperishable
17. Provide a specific dividend that is paid before any dividends are paid to common stock holders
yield percentage
perpetual inventory
break even point
preference shares
18. 1 ounce or less per guest
chain discounts
conventional mortgage
standard portion size
assets
19. Property other than real estate (often called a chattel mortgage)
personal property
Gram
Rate
yield percentage
20. Money given to someone on condition the person will return the money and interest by a specific date
loan
weighted average
preference shares
risk
21. When an item is discounted or less than the original price
percent
on sale
Average Daily Sales
semi variable cost
22. Number calculated from population data
Gram
parameter
Ratio Analysis
List price
23. Be sufficient to meet - defray - or offset the charge or cost of
ratio
Gram
per diem
cover
24. First term in a ratio.
percent sign
Antecedent
Compounded
popularity index
25. Interest is paid twelve times a year
compounded monthly
Conversion factor
Gram
cross-footing
26. The lowest number in a group of data
minimum
Trade Discount
perishable
Divisor
27. 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
lease
liabilities
complete enumeration survey
Conversion factor
28. Electronic - portable (pocket) - computer - spreadsheets
identify the four helpful calculating tools
compounded monthly
popularity index
coupon
29. Commission fee - inflation rate - capital gains tax
balance sheet
Average Daily Sales
purchase specification
what are the three items that may have to be subracted from the gross return figure when calculating net return
30. A complete set of individuals - objects or scores being studied
percent sign
personal property
population
variable
31. An item of data that has a different value at different times
average wholesale price AWP
List price
Complement
variable
32. The new percent obtained by subtracting the change percent from 100%.
price earnings ratios
Complement
dividend
collateral
33. The point where income and expenses intersect (no loss or profit)
break even point
edible portion (EP) amount
Rate
default
34. Cash or assets that can quickly be converted into cash.
Trade Credit
Break Even Point Formula
Current Assets
perishable
35. Investing in a well-established company
medium risk investment
high risk investment
perishable
investment
36. The majority of the early payments go toward paying the interest on the loan
List Price
Metric system
front-loaded
Divisor
37. Part ownership in a company
mortgage
yield percentage
percent
shares
38. Outside numbers in a ratio.
perishable
Percent
Extremes
range
39. Sheet that lists all menu items that are going - to be prepared for a given date
production sheet
lease
mean
on sale
40. Money earned on an investment or paid on a loan
interest
prime cost
low risk investment
average cover formula
41. A statement made about the future
semi variable cost
cover
what are the two types of interest
forecasting
42. Compares two numbers or quantities by using division.
Base
Cone Volume
extention
Ratio
43. Manages; guides; controls; commands; tells or shows the way
minimum
mortgagor
maximum
directs
44. Time worked beyond the established working hours
perpetual inventory
cooking loss test
overtime
Centi-
45. The number of sales / number of covers
Antecedent
sales tax
mortgage
average cover formula
46. A way of representing the part of a whole. Percent means 'per hundred' or 'parts out of one hundred.'
Percent
fixed costs
semi variable cost
fractions
47. Thousandth
Milli-
liabilities
what are the two types of interest
common shares
48. End of month.
E.O.M
investment
cross multiply
production sheet
49. Suggested Retail Price
cash flow
List Price
amortization schedule
personal property
50. Indicators of the confidence investors have in a company (the higher the better)
Denominator
price earnings ratios
balance sheet
average wholesale price AWP