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Test your basic knowledge |
DSST Business Math Vocab 2
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 series of discounts
liabilities
chain discounts
parameter
cross-footing
2. Parts of a whole number
loan
retired or amortized
fractions
capital cost allowance
3. you may get a large return or get nothing
high risk investment
fixed costs
the two types of interest
per diem
4. Security for a loan
collateral
data
p.a.
compounded quarterly
5. The number to be divided by
dividend
the two types of interest
medium risk investment
the two methods calculators use to process information
6. Costs that remain constant
the two types of interest
dividend
break even point
fixed costs
7. Something that is expected to return a profit
investment
collateral
overtime
foreign currency exchange
8. Simple and compound
residual value
the two types of interest
bonds
break even point
9. The point where income and expenses intersect (no loss or profit)
percent
front-loaded
break even point
the two main types of shares
10. Shows the assets - liabilities and financial position of the company
overtime
balance sheet
median
amortization schedule
11. Number calculated from population data
amortization period
parameter
money factor
high-ratio mortgage
12. real estate (houses - condos - warehouses - factories - etc)
real property
term
compounded interest
mortgagor
13. The lender
compounded daily
mortgagee
the two methods calculators use to process information
statistic
14. Interest calculated on the principal plus any accumulated interest
compounded interest
break even point
variable costs
per diem
15. The total of units multiplied by the price
compounded quarterly
statistic
income statement
extention
16. Indicators of the confidence investors have in a company (the higher the better)
price earnings ratios
residual value
the two main types of shares
weighted average
17. The depreciation of an asset as an expense
investment
capital cost allowance
personal property
amortization schedule
18. A comparison of two numbers
compounded annually
medium risk investment
multiplicand
ratio
19. The difference between the highest and lowest numbers in a set of data
conventional mortgage
range
collateral
the two types of interest
20. A percentage discount for buyers associated with the products being sold
overtime
trade discount
lease
risk
21. The lowest number in a group of data
divisor
minimum
term
sample
22. Money earned on an investment or paid on a loan
the two types of interest
minimum
preference shares
interest
23. A complete set of individuals - objects or scores being studied
statistic
population
parameter
shares
24. Money given to someone on condition the person will return the money and interest by a specific date
compounded quarterly
loan
complete enumeration survey
maximum
25. A rate that one currency can be exchanged for another
chain discounts
front-loaded
the two main types of shares
foreign currency exchange
26. Provide a specific dividend that is paid before any dividends are paid to common stock holders
lease
special discounts
preference shares
fixed costs
27. The amount the property is worth at the end of the lease
residual value
parameter
variable costs
retired or amortized
28. The score that falls in the middle
interest
compounded annually
term
median
29. A contract giving someone the right to use something for a certain length of time
risk
variable costs
lease
term
30. The first number
fractions
high-ratio mortgage
mortgage
multiplicand
31. Paid dividends after the preference shares have been paid
variable costs
the two methods calculators use to process information
amortization period
common shares
32. The amount of money borrowed is between 75% - 95% of the purchase price
parameter
variable costs
high-ratio mortgage
common shares
33. Commission fee - inflation rate - capital gains tax
statistic
the three items that may have to be subracted from the gross return figure when calculating net return
parameter
range
34. Property other than real estate (often called a chattel mortgage)
personal property
lessee
mortgagor
multi modal
35. Per day
cash flow
per diem
minimum
balance sheet
36. Shows the money coming in and expenses for a certain period of time.
income statement
the three items that may have to be subracted from the gross return figure when calculating net return
shares
chain discounts
37. Discounts offered to encourage customers to pay their bills on time
cash discounts
cash flow
investment
mortgagor
38. A loan
the four helpful calculating tools
front-loaded
chain discounts
mortgage
39. A chart that shows the balance of the mortgage after each amortization period
net capitalized cost
term
fixed costs
amortization schedule
40. When two ratios are equal
proportion
compounded sem-annually
parameter
dividend
41. The owner of the property
ratio
lessor
term
variable costs
42. Time worked beyond the established working hours
population
residual value
preference shares
overtime
43. A percentage discount to customers
special discounts
compounded daily
cross-footing
overtime
44. A bill
money factor
invoice
population
bonds
45. The person paying to borrow property for a certain amount of time for payments
mortgagee
lessee
population
capital cost allowance
46. Interest is paid twelve times a year
parameter
special discounts
investment
compounded monthly
47. Investing in a well-established company
investment
medium risk investment
range
the two types of interest
48. The amount of money borrowed is less than 75% of the purchase price
investment
conventional mortgage
common shares
collateral
49. Interest is paid twice a year
proportion
the four helpful calculating tools
medium risk investment
compounded sem-annually
50. Amounts of money you owe
the two main types of shares
high risk investment
divisor
liabilities