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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. (simple average) adding the group of items and dividing by the total number of items
mean
lessor
invoice
the two main types of shares
2. The amount the property is worth at the end of the lease
maximum
extention
proportion
residual value
3. The depreciation of an asset as an expense
variable
mortgagor
special discounts
capital cost allowance
4. Per annum - yearly
lease
p.a.
front-loaded
cross-footing
5. A chart that shows the balance of the mortgage after each amortization period
fractions
invoice
fixed costs
amortization schedule
6. Interest is paid 365 times a year
mortgagor
overtime
compounded daily
foreign currency exchange
7. Something that is expected to return a profit
investment
term
dividend
ratio
8. used when the each piece of data has more than one component
weighted average
fractions
common shares
preference shares
9. Paid in full
mortgagor
loan
population
retired or amortized
10. Parts of a whole number
fractions
shares
dividend
foreign currency exchange
11. Simple and compound
overtime
the two types of interest
high risk investment
amortization period
12. The highest number in a group of data
p.a.
loan
foreclosure
maximum
13. A comparison of two numbers
minimum
special discounts
shares
ratio
14. When two ratios are equal
compounded sem-annually
proportion
maximum
mortgagee
15. A percentage discount for buyers associated with the products being sold
term
retired or amortized
net capitalized cost
trade discount
16. Things you own
capital cost allowance
assets
fractions
complete enumeration survey
17. Interest calculated on the principle
statistic
amortization schedule
the two methods calculators use to process information
simple interest
18. Shows the assets - liabilities and financial position of the company
lease
complete enumeration survey
balance sheet
cash flow
19. Interest is paid twice a year
compounded sem-annually
high-ratio mortgage
balance sheet
lessor
20. A loan
sample
medium risk investment
mortgage
real property
21. Part ownership in a company
the two methods calculators use to process information
shares
interest
foreclosure
22. The amount of money borrowed is between 75% - 95% of the purchase price
risk
assets
high-ratio mortgage
bottom line figures
23. Share of the profits of a company
constant
shares
dividend
statistic
24. The difference between the highest and lowest numbers in a set of data
balance sheet
the three items that may have to be subracted from the gross return figure when calculating net return
statistic
range
25. A bill
mean
money factor
foreclosure
invoice
26. The interest amount is small - but you are guaranteed to get something
foreign currency exchange
dividend
low risk investment
chain discounts
27. electronic - portable (pocket) - computer - spreadsheets
fractions
high-ratio mortgage
the four helpful calculating tools
compounded quarterly
28. you may get a large return or get nothing
high risk investment
term
net capitalized cost
compounded monthly
29. The final figures
the two main types of shares
sales commission
compounded daily
bottom line figures
30. Time worked beyond the established working hours
multi modal
default
interest
overtime
31. Amount of money coming in and going out of your business monthly
personal property
the three items that may have to be subracted from the gross return figure when calculating net return
cash flow
dividend
32. A rate that one currency can be exchanged for another
foreign currency exchange
lessee
break even point
front-loaded
33. Costs that remain constant
compounded interest
fixed costs
sales commission
compounded monthly
34. The total of units multiplied by the price
preference shares
risk
extention
bottom line figures
35. Non-payment
medium risk investment
risk
trade discount
default
36. Adding columns of figures horizontally and vertically to check that the totals agree
population
cross-footing
residual value
lessee
37. Money given to someone on condition the person will return the money and interest by a specific date
sales commission
loan
shares
personal property
38. Security for a loan
amortization schedule
high risk investment
interest
collateral
39. The point where income and expenses intersect (no loss or profit)
multi modal
preference shares
shares
break even point
40. Provide a specific dividend that is paid before any dividends are paid to common stock holders
the three items that may have to be subracted from the gross return figure when calculating net return
preference shares
simple interest
lessee
41. Where info is collected for every unit of the population
maximum
multiplier
complete enumeration survey
mortgage
42. Money earned on an investment or paid on a loan
proportion
loan
interest
mortgagee
43. A number calculated from sample data
balance sheet
compounded annually
statistic
dividend
44. Algebraic - arithmetic
retired or amortized
lessor
income statement
the two methods calculators use to process information
45. Interest calculated on the principal plus any accumulated interest
sales commission
compounded interest
high-ratio mortgage
compounded sem-annually
46. Indicators of the confidence investors have in a company (the higher the better)
liabilities
price earnings ratios
assets
percent
47. Costs that fluctuate
minimum
mode
variable costs
p.a.
48. Amounts of money you owe
conventional mortgage
break even point
mode
liabilities
49. The unexpected variablility of returns
high-ratio mortgage
risk
price earnings ratios
multiplier
50. The score that falls in the middle
compounded monthly
cross-footing
the three items that may have to be subracted from the gross return figure when calculating net return
median