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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. The length of time until the debt is zero
multi modal
front-loaded
amortization period
bottom line figures
2. The length of the loan
range
term
weighted average
amortization period
3. Discounts offered to encourage customers to pay their bills on time
cash discounts
preference shares
sensitivity analysis
invoice
4. Costs that remain constant
percent
loan
mode
fixed costs
5. The amount the property is worth at the end of the lease
median
term
special discounts
residual value
6. A percentage discount to customers
trade discount
special discounts
real property
mean
7. The amount of money borrowed is less than 75% of the purchase price
variable costs
conventional mortgage
foreign currency exchange
multi modal
8. The number you are multipliying by
multiplier
minimum
mortgagee
complete enumeration survey
9. A decimal figure when x by 2400 gives an approximate annual interest rate
money factor
median
multiplicand
minimum
10. used when the each piece of data has more than one component
cross-footing
special discounts
weighted average
residual value
11. A bill
sample
collateral
invoice
loan
12. real estate (houses - condos - warehouses - factories - etc)
amortization period
real property
dividend
balance sheet
13. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
collateral
loan
complete enumeration survey
14. Something that is expected to return a profit
foreclosure
multiplier
lease
investment
15. Property other than real estate (often called a chattel mortgage)
fixed costs
personal property
amortization schedule
compounded monthly
16. The number you are dividing by
divisor
foreign currency exchange
lessee
variable costs
17. The money paid to an employee based on a percentage of their sales
net capitalized cost
variable costs
mortgage
sales commission
18. Indicators of the confidence investors have in a company (the higher the better)
compounded interest
price earnings ratios
amortization period
bottom line figures
19. Shows the money coming in and expenses for a certain period of time.
income statement
overtime
amortization period
percent
20. Paid in full
extention
constant
fractions
retired or amortized
21. Per annum - yearly
retired or amortized
p.a.
maximum
price earnings ratios
22. More than one frequently occuring value in a group of data
multi modal
medium risk investment
cash discounts
variable
23. A percentage discount for buyers associated with the products being sold
compounded interest
mortgagee
liabilities
trade discount
24. The difference between the highest and lowest numbers in a set of data
compounded sem-annually
lessor
weighted average
range
25. A rate that one currency can be exchanged for another
sensitivity analysis
personal property
ratio
foreign currency exchange
26. Amount of money coming in and going out of your business monthly
cash flow
weighted average
multiplicand
common shares
27. Costs that fluctuate
multiplicand
compounded sem-annually
money factor
variable costs
28. Per day
population
per diem
minimum
compounded annually
29. A chart that shows the balance of the mortgage after each amortization period
cash discounts
proportion
amortization schedule
high risk investment
30. The price after any down-payment or trade-in
net capitalized cost
high-ratio mortgage
term
mode
31. The first number
mortgage
range
fractions
multiplicand
32. The process of repossessing and selling the real or personal property when the borrower has defaulted
variable
overtime
foreclosure
cross-footing
33. electronic - portable (pocket) - computer - spreadsheets
collateral
sales commission
sample
the four helpful calculating tools
34. The total of units multiplied by the price
extention
percent
amortization period
minimum
35. Things you own
assets
p.a.
bottom line figures
variable
36. Interest is paid twelve times a year
range
low risk investment
compounded monthly
high risk investment
37. Paid dividends after the preference shares have been paid
divisor
mortgagee
parameter
common shares
38. The info collected from a survey and the figures generated through statistical analysis
high risk investment
invoice
net capitalized cost
data
39. Interest is paid twice a year
compounded sem-annually
multi modal
sales commission
mortgagee
40. Investing in a well-established company
maximum
medium risk investment
risk
mortgagee
41. Number calculated from population data
capital cost allowance
income statement
mortgagee
parameter
42. loans to companies or goverments (no voting rights)
bonds
variable costs
minimum
extention
43. Amounts of money you owe
liabilities
cash flow
loan
foreign currency exchange
44. The amount of money borrowed is between 75% - 95% of the purchase price
compounded monthly
simple interest
high-ratio mortgage
lease
45. The number to be divided by
the four helpful calculating tools
residual value
front-loaded
dividend
46. The highest number in a group of data
the two methods calculators use to process information
maximum
residual value
fixed costs
47. Security for a loan
population
variable
constant
collateral
48. The unexpected variablility of returns
weighted average
capital cost allowance
cash flow
risk
49. (simple average) adding the group of items and dividing by the total number of items
retired or amortized
median
mean
multiplier
50. Preference and common
maximum
fixed costs
the two main types of shares
bonds