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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 contract giving someone the right to use something for a certain length of time
lease
common shares
conventional mortgage
mean
2. Interest is paid once a year
compounded annually
compounded quarterly
divisor
overtime
3. The amount the property is worth at the end of the lease
fractions
residual value
compounded daily
proportion
4. The price after any down-payment or trade-in
risk
income statement
net capitalized cost
loan
5. Paid dividends after the preference shares have been paid
mortgagee
common shares
retired or amortized
front-loaded
6. Interest calculated on the principal plus any accumulated interest
default
compounded interest
money factor
amortization period
7. A number calculated from sample data
statistic
cash flow
default
compounded interest
8. electronic - portable (pocket) - computer - spreadsheets
mortgagee
divisor
the four helpful calculating tools
multi modal
9. Property other than real estate (often called a chattel mortgage)
foreclosure
assets
multi modal
personal property
10. Interest is paid four times a year
compounded quarterly
extention
lessee
low risk investment
11. Indicators of the confidence investors have in a company (the higher the better)
sample
compounded daily
conventional mortgage
price earnings ratios
12. The borrower
cash flow
low risk investment
mortgagor
percent
13. An item of data the stays the same
percent
constant
cross-footing
retired or amortized
14. A rate that one currency can be exchanged for another
variable
high-ratio mortgage
foreign currency exchange
cash discounts
15. The final figures
minimum
compounded monthly
bottom line figures
overtime
16. A decimal figure when x by 2400 gives an approximate annual interest rate
weighted average
cash flow
money factor
balance sheet
17. A bill
multiplicand
low risk investment
invoice
real property
18. Interest is paid 365 times a year
per diem
cash flow
personal property
compounded daily
19. A portion of the population being studied
money factor
sample
mortgage
compounded monthly
20. Preference and common
the two main types of shares
bonds
real property
invoice
21. The number you are dividing by
conventional mortgage
front-loaded
variable costs
divisor
22. An item of data that has a different value at different times
cash discounts
assets
default
variable
23. The number you are multipliying by
compounded interest
common shares
multiplier
compounded quarterly
24. The money paid to an employee based on a percentage of their sales
ratio
income statement
fixed costs
sales commission
25. Interest is paid twice a year
mortgage
invoice
the two main types of shares
compounded sem-annually
26. Per annum - yearly
net capitalized cost
assets
p.a.
ratio
27. Share of the profits of a company
lease
simple interest
dividend
net capitalized cost
28. Money given to someone on condition the person will return the money and interest by a specific date
data
mortgagee
loan
net capitalized cost
29. Provide a specific dividend that is paid before any dividends are paid to common stock holders
preference shares
special discounts
foreclosure
cross-footing
30. Where info is collected for every unit of the population
cash discounts
complete enumeration survey
amortization schedule
mortgagee
31. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
lessor
break even point
bottom line figures
32. Discounts offered to encourage customers to pay their bills on time
cash discounts
fixed costs
ratio
interest
33. The depreciation of an asset as an expense
maximum
shares
compounded interest
capital cost allowance
34. The interest amount is small - but you are guaranteed to get something
income statement
the two main types of shares
low risk investment
amortization schedule
35. Time worked beyond the established working hours
extention
overtime
balance sheet
high-ratio mortgage
36. The owner of the property
the two main types of shares
retired or amortized
lessor
range
37. The highest number in a group of data
data
compounded sem-annually
maximum
sensitivity analysis
38. A percentage discount for buyers associated with the products being sold
foreign currency exchange
trade discount
statistic
compounded interest
39. Amounts of money you owe
special discounts
liabilities
conventional mortgage
balance sheet
40. The lender
mortgage
mortgagee
complete enumeration survey
the three items that may have to be subracted from the gross return figure when calculating net return
41. Security for a loan
cash discounts
amortization period
collateral
special discounts
42. Shows the money coming in and expenses for a certain period of time.
conventional mortgage
sales commission
income statement
cross-footing
43. Simple and compound
overtime
the two types of interest
compounded interest
preference shares
44. The length of the loan
foreclosure
term
lessor
divisor
45. (simple average) adding the group of items and dividing by the total number of items
income statement
mean
minimum
multiplier
46. Part ownership in a company
amortization schedule
shares
the two methods calculators use to process information
statistic
47. The most frequently occuring value in a group of data
amortization period
mode
balance sheet
simple interest
48. Paid in full
retired or amortized
bonds
preference shares
low risk investment
49. real estate (houses - condos - warehouses - factories - etc)
percent
mean
real property
assets
50. Deciding if its worth the risk
sensitivity analysis
minimum
maximum
multiplier