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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. Basic unit of volume in the metric system
Volume Formula
stores
multiplier
Liter
2. 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
conventional mortgage
Conversion factor
amortization schedule
invoice
3. The smallest number - other than zero - that can be the denominator for two or more common fractions
shares
Fixed cost
Lowest common denominator
requisition
4. Suggested Retail Price
List Price
perpetual inventory
medium risk investment
common shares
5. (simple average) adding the group of items and dividing by the total number of items
discount
mean
preference shares
fixed costs
6. A number to be divided by another number
Liquidity of Assets
proportion
Dividend
simple interest
7. Keeping budgeted costs as close as possible to actual costs.
cover
Cylinder Volume
compounded annually
Cost control
8. Indicators of the confidence investors have in a company (the higher the better)
mortgagee
trade discount
lessor
price earnings ratios
9. The number you are dividing by
divisor
Extremes
variable
standard portion size
10. Share of the profits of a company
variable
invoice
dividend
cooking loss test
11. Things you own
cover
sensitivity analysis
assets
variable costs
12. Number calculated from population data
Quick Ratio
parameter
extention
Fixed cost
13. A person who is tricked or swindled
dupe
Proportion
minimum
two methods calculators use to process information
14. 3am or 4am when most people are in a deep sleep.
peak hours
employee turnover
nonperishable
median
15. An itemized statement of money owed for goods shipped or services rendered
prime cost
invoice
Centi-
conventional mortgage
16. The difference between the highest and lowest numbers in a set of data
Borrow
range
Current Assets
weighted average
17. Commission fee - inflation rate - capital gains tax
cross multiply
Denominator
what are the three items that may have to be subracted from the gross return figure when calculating net return
personal property
18. A cost that does not change - no matter how much of a good is produced
Fixed cost
semi variable cost
mortgagee
multiplicand
19. Preference and common
average wholesale price AWP
what are the two main types of shares
compounded sem-annually
loan
20. Second term in a ratio.
Centi-
Average Collection Turnover
Consequent
Conversion factor
21. A percentage discount for buyers associated with the products being sold
trade discount
statistic
capital cost allowance
dividend
22. A comparison of two numbers
shares
investment
compounded monthly
ratio
23. You may get a large return or get nothing
high risk investment
physical inventory
yield percentage
mortgage
24. A metric unit of weight equal to one thousandth of a kilogram
Gram
Divisor
shares
percent
25. 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
what are the two main types of shares
loan
special discounts
26. Will not decay or rot
nonperishable
Compounded
sales tax
Complement
27. An inventory costing method that assigns the most recent costs to ending inventory
average cover formula
Cost
lease
FIFO method
28. Total fixed costs/ selling price-variable cost
identify the four helpful calculating tools
Conversion factor
Break Even Point Formula
Dividend
29. Outside numbers in a ratio.
term
statistic
Gram
Extremes
30. Both fixed and variable components - Vary with incremental changes in capacity - Display in a stair step pattern
two methods calculators use to process information
semi variable cost
range
Conversion factor
31. The person paying to borrow property for a certain amount of time for payments
extention
lessee
Antecedent
interest
32. Total amount before another amount is added or subtracted
compounded annually
real property
Subtotal
identify the four helpful calculating tools
33. Manages; guides; controls; commands; tells or shows the way
directs
yield percentage
price earnings ratios
cash discounts
34. Interest is paid once a year
nonperishable
sales commission
compounded annually
requisition
35. Cash + receivables/ current liabilities.
Break Even Point Formula
retired or amortized
Quick Ratio
invoice
36. A decimal figure when x by 2400 gives an approximate annual interest rate
define:money factor
edible portion (EP) amount
stores
desired yield
37. A written form listing the specific characteristics of a product that is to be purchased from a supplier.
purchase specification
Dividend
Consequent
List price
38. Merchandise inventory determined by keeping a continuous record of increases - decreases - and balance on hand
production sheet
cooking loss test
per diem
perpetual inventory
39. A loan
assets
liabilities
bonds
mortgage
40. Parts of a whole number
Break Even Point
fractions
maximum
multi modal
41. Total annual sales/365
Average Daily Sales
Fixed cost
percent
cash flow
42. Paid in full
bonds
cash discounts
retired or amortized
percent sign
43. Security for a loan
dividend
percentage points
collateral
complete enumeration survey
44. Non-payment
Extremes
sales commission
default
Compounded
45. The amount that can actually be eaten - after trimming and cooking
Centi-
Cube Volume
edible portion (EP) amount
low risk investment
46. When several percentages occur in successions.
ratio
Compounded
standardized recipe
Break Even Point
47. Those which can be directly attributable to the production of a particular product or service and allocated to a particular cost centre.
prime cost
mortgagee
FIFO method
Direct variable cost
48. A contract giving someone the right to use something for a certain length of time
lease
Average Daily Sales
Base
foreclosure
49. A decimal system of weights and measures based on the meter and the kilogram and the second
Antecedent
balance sheet
Metric system
cross-footing
50. Algebraic - arithmetic
Depreciation
cooking loss test
two methods calculators use to process information
desired yield