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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. Costs that remain constant
extention
compounded monthly
liabilities
fixed costs
2. The depreciation of an asset as an expense
capital cost allowance
compounded quarterly
sales commission
lessee
3. The total of units multiplied by the price
loan
residual value
extention
divisor
4. Time worked beyond the established working hours
multi modal
compounded annually
overtime
foreign currency exchange
5. The number you are multipliying by
amortization schedule
the two methods calculators use to process information
compounded sem-annually
multiplier
6. A chart that shows the balance of the mortgage after each amortization period
high-ratio mortgage
amortization schedule
amortization period
the two main types of shares
7. Interest calculated on the principle
minimum
simple interest
compounded daily
the four helpful calculating tools
8. The info collected from a survey and the figures generated through statistical analysis
multiplier
balance sheet
sales commission
data
9. (simple average) adding the group of items and dividing by the total number of items
p.a.
loan
sensitivity analysis
mean
10. Interest is paid four times a year
compounded quarterly
median
medium risk investment
per diem
11. Money earned on an investment or paid on a loan
cash flow
invoice
interest
foreclosure
12. The highest number in a group of data
high-ratio mortgage
conventional mortgage
proportion
maximum
13. electronic - portable (pocket) - computer - spreadsheets
the four helpful calculating tools
lessee
foreign currency exchange
fixed costs
14. A percentage discount to customers
special discounts
amortization schedule
compounded monthly
maximum
15. When two ratios are equal
mortgagor
proportion
medium risk investment
cash flow
16. Paid in full
the two methods calculators use to process information
percent
retired or amortized
mortgage
17. Per annum - yearly
p.a.
break even point
divisor
compounded daily
18. A series of discounts
chain discounts
mortgage
assets
trade discount
19. Share of the profits of a company
interest
the two main types of shares
personal property
dividend
20. The price after any down-payment or trade-in
net capitalized cost
compounded interest
special discounts
residual value
21. The number to be divided by
residual value
balance sheet
risk
dividend
22. The owner of the property
lessor
ratio
complete enumeration survey
balance sheet
23. Amounts of money you owe
median
minimum
ratio
liabilities
24. The money paid to an employee based on a percentage of their sales
loan
compounded annually
the three items that may have to be subracted from the gross return figure when calculating net return
sales commission
25. Non-payment
shares
default
personal property
cross-footing
26. A comparison of two numbers
the four helpful calculating tools
ratio
mode
liabilities
27. The process of repossessing and selling the real or personal property when the borrower has defaulted
lessee
foreclosure
p.a.
break even point
28. The borrower
fixed costs
population
mortgagor
liabilities
29. Adding columns of figures horizontally and vertically to check that the totals agree
compounded daily
cross-footing
foreign currency exchange
per diem
30. used when the each piece of data has more than one component
weighted average
mortgagor
term
trade discount
31. Interest is paid twelve times a year
compounded monthly
statistic
weighted average
investment
32. real estate (houses - condos - warehouses - factories - etc)
personal property
foreign currency exchange
real property
weighted average
33. Something that is expected to return a profit
retired or amortized
investment
cash discounts
complete enumeration survey
34. The score that falls in the middle
median
maximum
mortgage
amortization schedule
35. The lender
mortgagee
multiplier
high risk investment
maximum
36. Interest is paid twice a year
compounded sem-annually
high risk investment
break even point
variable costs
37. Interest is paid 365 times a year
compounded daily
the two types of interest
statistic
compounded monthly
38. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
overtime
amortization schedule
term
39. Security for a loan
fractions
proportion
collateral
data
40. Discounts offered to encourage customers to pay their bills on time
sample
mortgagee
cash discounts
sales commission
41. A bill
multi modal
common shares
liabilities
invoice
42. Things you own
assets
low risk investment
the two main types of shares
the four helpful calculating tools
43. Shows the money coming in and expenses for a certain period of time.
break even point
maximum
percent
income statement
44. Property other than real estate (often called a chattel mortgage)
population
proportion
personal property
bottom line figures
45. The amount the property is worth at the end of the lease
compounded sem-annually
residual value
medium risk investment
mortgagor
46. Commission fee - inflation rate - capital gains tax
high risk investment
interest
the three items that may have to be subracted from the gross return figure when calculating net return
mortgagee
47. Investing in a well-established company
lessee
medium risk investment
price earnings ratios
risk
48. Where info is collected for every unit of the population
the three items that may have to be subracted from the gross return figure when calculating net return
complete enumeration survey
dividend
sales commission
49. A number calculated from sample data
statistic
break even point
the two types of interest
mortgagor
50. The interest amount is small - but you are guaranteed to get something
median
low risk investment
divisor
price earnings ratios