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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 amount the property is worth at the end of the lease
lease
residual value
compounded interest
bottom line figures
2. The length of the loan
term
collateral
mortgage
cash flow
3. Interest is paid once a year
mortgagor
income statement
compounded annually
variable costs
4. The amount of money borrowed is between 75% - 95% of the purchase price
conventional mortgage
data
high-ratio mortgage
multiplier
5. The money paid to an employee based on a percentage of their sales
constant
median
capital cost allowance
sales commission
6. A bill
invoice
fractions
maximum
high-ratio mortgage
7. Interest calculated on the principal plus any accumulated interest
median
compounded interest
loan
balance sheet
8. Discounts offered to encourage customers to pay their bills on time
assets
divisor
capital cost allowance
cash discounts
9. Shows the assets - liabilities and financial position of the company
amortization period
balance sheet
statistic
amortization schedule
10. Money given to someone on condition the person will return the money and interest by a specific date
high risk investment
invoice
loan
risk
11. electronic - portable (pocket) - computer - spreadsheets
medium risk investment
fixed costs
the four helpful calculating tools
conventional mortgage
12. The info collected from a survey and the figures generated through statistical analysis
constant
data
divisor
foreign currency exchange
13. Things you own
assets
personal property
the two methods calculators use to process information
shares
14. The lowest number in a group of data
statistic
minimum
compounded sem-annually
sample
15. The first number
multiplicand
cross-footing
collateral
net capitalized cost
16. The unexpected variablility of returns
amortization period
risk
p.a.
multiplicand
17. Interest is paid four times a year
net capitalized cost
foreign currency exchange
overtime
compounded quarterly
18. The most frequently occuring value in a group of data
the two methods calculators use to process information
preference shares
mode
cash discounts
19. Something that is expected to return a profit
common shares
investment
collateral
medium risk investment
20. A decimal figure when x by 2400 gives an approximate annual interest rate
bonds
variable costs
cross-footing
money factor
21. Interest is paid twice a year
front-loaded
term
compounded annually
compounded sem-annually
22. Property other than real estate (often called a chattel mortgage)
personal property
investment
compounded daily
data
23. Interest is paid twelve times a year
mortgagor
compounded monthly
overtime
term
24. Preference and common
variable
the two main types of shares
maximum
compounded monthly
25. Amount of money coming in and going out of your business monthly
term
statistic
price earnings ratios
cash flow
26. Per annum - yearly
residual value
p.a.
statistic
real property
27. A contract giving someone the right to use something for a certain length of time
statistic
divisor
compounded interest
lease
28. A chart that shows the balance of the mortgage after each amortization period
lessor
median
break even point
amortization schedule
29. Shows the money coming in and expenses for a certain period of time.
price earnings ratios
real property
foreign currency exchange
income statement
30. used when the each piece of data has more than one component
weighted average
compounded monthly
parameter
multiplier
31. Where info is collected for every unit of the population
break even point
complete enumeration survey
dividend
bottom line figures
32. The difference between the highest and lowest numbers in a set of data
dividend
parameter
maximum
range
33. Share of the profits of a company
trade discount
cash discounts
variable costs
dividend
34. An item of data the stays the same
loan
constant
variable
medium risk investment
35. Commission fee - inflation rate - capital gains tax
bottom line figures
common shares
amortization period
the three items that may have to be subracted from the gross return figure when calculating net return
36. The price after any down-payment or trade-in
variable costs
cash flow
simple interest
net capitalized cost
37. More than one frequently occuring value in a group of data
sensitivity analysis
the four helpful calculating tools
multi modal
weighted average
38. real estate (houses - condos - warehouses - factories - etc)
real property
mortgage
sample
common shares
39. of one hundred
percent
high risk investment
dividend
chain discounts
40. The depreciation of an asset as an expense
balance sheet
capital cost allowance
complete enumeration survey
weighted average
41. The number to be divided by
dividend
invoice
mode
loan
42. Deciding if its worth the risk
variable costs
sensitivity analysis
lessee
minimum
43. A series of discounts
chain discounts
per diem
preference shares
dividend
44. Amounts of money you owe
dividend
loan
compounded monthly
liabilities
45. A comparison of two numbers
bottom line figures
minimum
price earnings ratios
ratio
46. A percentage discount to customers
sensitivity analysis
special discounts
preference shares
term
47. When two ratios are equal
proportion
compounded quarterly
net capitalized cost
liabilities
48. The owner of the property
data
dividend
lessor
the two types of interest
49. The amount of money borrowed is less than 75% of the purchase price
compounded annually
weighted average
conventional mortgage
fixed costs
50. The length of time until the debt is zero
break even point
special discounts
amortization period
variable