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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. real estate (houses - condos - warehouses - factories - etc)
extention
amortization period
real property
proportion
2. The amount of money borrowed is less than 75% of the purchase price
amortization period
conventional mortgage
weighted average
term
3. Share of the profits of a company
investment
risk
dividend
bonds
4. A bill
cash flow
collateral
invoice
the three items that may have to be subracted from the gross return figure when calculating net return
5. The process of repossessing and selling the real or personal property when the borrower has defaulted
money factor
low risk investment
the three items that may have to be subracted from the gross return figure when calculating net return
foreclosure
6. The number you are dividing by
mode
the three items that may have to be subracted from the gross return figure when calculating net return
bottom line figures
divisor
7. Discounts offered to encourage customers to pay their bills on time
break even point
cash discounts
real property
amortization period
8. A number calculated from sample data
fixed costs
assets
per diem
statistic
9. Parts of a whole number
sensitivity analysis
trade discount
fractions
bonds
10. Costs that remain constant
compounded monthly
fixed costs
sales commission
low risk investment
11. An item of data the stays the same
cross-footing
compounded sem-annually
weighted average
constant
12. Money earned on an investment or paid on a loan
median
dividend
multiplier
interest
13. When two ratios are equal
proportion
low risk investment
lease
constant
14. The borrower
sensitivity analysis
overtime
mortgagor
bonds
15. The depreciation of an asset as an expense
parameter
capital cost allowance
statistic
shares
16. The highest number in a group of data
divisor
cash discounts
net capitalized cost
maximum
17. Non-payment
default
high-ratio mortgage
chain discounts
compounded daily
18. Something that is expected to return a profit
investment
the two types of interest
bonds
minimum
19. The final figures
bottom line figures
foreign currency exchange
per diem
the three items that may have to be subracted from the gross return figure when calculating net return
20. Amounts of money you owe
proportion
multiplicand
liabilities
parameter
21. (simple average) adding the group of items and dividing by the total number of items
the two methods calculators use to process information
high risk investment
proportion
mean
22. Security for a loan
money factor
foreclosure
collateral
personal property
23. A contract giving someone the right to use something for a certain length of time
high risk investment
compounded annually
overtime
lease
24. Commission fee - inflation rate - capital gains tax
the three items that may have to be subracted from the gross return figure when calculating net return
investment
chain discounts
minimum
25. The person paying to borrow property for a certain amount of time for payments
lessee
special discounts
statistic
preference shares
26. The price after any down-payment or trade-in
parameter
net capitalized cost
money factor
sensitivity analysis
27. used when the each piece of data has more than one component
weighted average
the four helpful calculating tools
lessor
per diem
28. Money given to someone on condition the person will return the money and interest by a specific date
loan
compounded annually
extention
risk
29. Interest is paid four times a year
dividend
income statement
complete enumeration survey
compounded quarterly
30. The number to be divided by
dividend
bottom line figures
money factor
parameter
31. Interest is paid once a year
medium risk investment
percent
compounded annually
investment
32. Interest calculated on the principle
dividend
parameter
simple interest
ratio
33. A percentage discount to customers
money factor
special discounts
capital cost allowance
range
34. The money paid to an employee based on a percentage of their sales
default
sales commission
price earnings ratios
shares
35. Algebraic - arithmetic
the two methods calculators use to process information
collateral
trade discount
lease
36. Simple and compound
loan
liabilities
low risk investment
the two types of interest
37. Adding columns of figures horizontally and vertically to check that the totals agree
assets
lease
cross-footing
the three items that may have to be subracted from the gross return figure when calculating net return
38. The unexpected variablility of returns
shares
dividend
risk
mortgagor
39. The total of units multiplied by the price
variable
amortization period
trade discount
extention
40. electronic - portable (pocket) - computer - spreadsheets
the four helpful calculating tools
mortgagee
statistic
amortization schedule
41. The owner of the property
lessor
ratio
variable
data
42. The amount of money borrowed is between 75% - 95% of the purchase price
term
high-ratio mortgage
medium risk investment
compounded monthly
43. Investing in a well-established company
income statement
net capitalized cost
medium risk investment
median
44. A complete set of individuals - objects or scores being studied
money factor
high-ratio mortgage
population
cross-footing
45. A rate that one currency can be exchanged for another
population
range
foreign currency exchange
per diem
46. More than one frequently occuring value in a group of data
multi modal
divisor
sales commission
break even point
47. Part ownership in a company
dividend
the two methods calculators use to process information
divisor
shares
48. Shows the assets - liabilities and financial position of the company
net capitalized cost
balance sheet
multiplicand
variable
49. The number you are multipliying by
proportion
compounded quarterly
multiplier
assets
50. Paid dividends after the preference shares have been paid
fractions
common shares
personal property
parameter