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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 chart that shows the balance of the mortgage after each amortization period
low risk investment
chain discounts
mortgagor
amortization schedule
2. The money paid to an employee based on a percentage of their sales
minimum
sales commission
the three items that may have to be subracted from the gross return figure when calculating net return
interest
3. Where info is collected for every unit of the population
proportion
complete enumeration survey
medium risk investment
amortization period
4. Share of the profits of a company
the four helpful calculating tools
dividend
lease
amortization schedule
5. Costs that remain constant
fixed costs
collateral
variable
mean
6. A series of discounts
overtime
term
chain discounts
compounded annually
7. Interest is paid twelve times a year
extention
compounded monthly
the three items that may have to be subracted from the gross return figure when calculating net return
simple interest
8. Interest calculated on the principal plus any accumulated interest
special discounts
high risk investment
compounded interest
complete enumeration survey
9. The final figures
mortgagor
bottom line figures
shares
default
10. Money given to someone on condition the person will return the money and interest by a specific date
compounded interest
loan
price earnings ratios
minimum
11. The length of the loan
term
compounded interest
mean
mortgagor
12. Algebraic - arithmetic
the two methods calculators use to process information
fixed costs
cash discounts
investment
13. The amount of money borrowed is between 75% - 95% of the purchase price
capital cost allowance
population
high-ratio mortgage
proportion
14. The total of units multiplied by the price
dividend
extention
collateral
compounded daily
15. The amount the property is worth at the end of the lease
weighted average
residual value
sales commission
collateral
16. The first number
mortgagee
multiplicand
money factor
data
17. The depreciation of an asset as an expense
compounded interest
capital cost allowance
fixed costs
multiplicand
18. The number you are dividing by
divisor
income statement
bottom line figures
variable costs
19. An item of data that has a different value at different times
default
population
variable
residual value
20. The difference between the highest and lowest numbers in a set of data
money factor
the two types of interest
sensitivity analysis
range
21. used when the each piece of data has more than one component
capital cost allowance
weighted average
amortization period
sample
22. Paid dividends after the preference shares have been paid
common shares
liabilities
complete enumeration survey
capital cost allowance
23. The lender
lessor
income statement
statistic
mortgagee
24. An item of data the stays the same
mortgagee
variable
constant
investment
25. Non-payment
lessee
risk
default
the two types of interest
26. Things you own
divisor
assets
preference shares
multiplicand
27. The lowest number in a group of data
balance sheet
amortization schedule
cross-footing
minimum
28. Shows the money coming in and expenses for a certain period of time.
lease
high-ratio mortgage
income statement
the four helpful calculating tools
29. The price after any down-payment or trade-in
high-ratio mortgage
overtime
compounded daily
net capitalized cost
30. Per day
fractions
sample
per diem
mortgagor
31. Deciding if its worth the risk
sensitivity analysis
real property
divisor
personal property
32. Costs that fluctuate
assets
mortgage
variable costs
dividend
33. Adding columns of figures horizontally and vertically to check that the totals agree
mortgagor
minimum
chain discounts
cross-footing
34. The interest amount is small - but you are guaranteed to get something
low risk investment
interest
divisor
lessor
35. Property other than real estate (often called a chattel mortgage)
maximum
mortgage
overtime
personal property
36. Provide a specific dividend that is paid before any dividends are paid to common stock holders
ratio
preference shares
break even point
mortgagee
37. Time worked beyond the established working hours
compounded annually
fixed costs
sensitivity analysis
overtime
38. real estate (houses - condos - warehouses - factories - etc)
preference shares
real property
multiplier
complete enumeration survey
39. A comparison of two numbers
trade discount
variable costs
variable
ratio
40. Parts of a whole number
lessor
fractions
statistic
liabilities
41. A contract giving someone the right to use something for a certain length of time
lease
residual value
minimum
multiplier
42. A portion of the population being studied
bonds
income statement
sample
the three items that may have to be subracted from the gross return figure when calculating net return
43. The owner of the property
lessor
price earnings ratios
overtime
medium risk investment
44. The highest number in a group of data
maximum
trade discount
divisor
sample
45. A rate that one currency can be exchanged for another
foreign currency exchange
default
proportion
cash discounts
46. Interest is paid 365 times a year
fractions
mode
multiplicand
compounded daily
47. A percentage discount to customers
multi modal
p.a.
divisor
special discounts
48. The process of repossessing and selling the real or personal property when the borrower has defaulted
per diem
foreclosure
divisor
real property
49. loans to companies or goverments (no voting rights)
divisor
bonds
conventional mortgage
personal property
50. Money earned on an investment or paid on a loan
break even point
net capitalized cost
interest
high-ratio mortgage