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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 contract giving someone the right to use something for a certain length of time
loan
lease
compounded interest
cash flow
2. The amount of money borrowed is less than 75% of the purchase price
conventional mortgage
compounded quarterly
residual value
bonds
3. Share of the profits of a company
cash flow
high risk investment
dividend
variable costs
4. (simple average) adding the group of items and dividing by the total number of items
mean
cash discounts
compounded annually
compounded interest
5. A percentage discount to customers
special discounts
mode
mortgage
complete enumeration survey
6. The final figures
bottom line figures
fixed costs
common shares
simple interest
7. electronic - portable (pocket) - computer - spreadsheets
the four helpful calculating tools
simple interest
compounded daily
bonds
8. Something that is expected to return a profit
sales commission
divisor
investment
shares
9. Interest is paid twelve times a year
fixed costs
compounded monthly
mean
investment
10. A series of discounts
mean
amortization period
compounded annually
chain discounts
11. Commission fee - inflation rate - capital gains tax
mean
foreclosure
p.a.
the three items that may have to be subracted from the gross return figure when calculating net return
12. Non-payment
personal property
default
population
compounded quarterly
13. Deciding if its worth the risk
median
fixed costs
personal property
sensitivity analysis
14. The number to be divided by
dividend
data
variable
p.a.
15. Simple and compound
price earnings ratios
p.a.
the two types of interest
default
16. The interest amount is small - but you are guaranteed to get something
residual value
interest
low risk investment
compounded annually
17. Money earned on an investment or paid on a loan
weighted average
interest
dividend
sales commission
18. loans to companies or goverments (no voting rights)
bonds
trade discount
statistic
variable
19. Interest calculated on the principle
residual value
simple interest
multiplier
high risk investment
20. The difference between the highest and lowest numbers in a set of data
cross-footing
dividend
range
cash flow
21. Per day
per diem
personal property
the two types of interest
multi modal
22. Shows the assets - liabilities and financial position of the company
amortization period
constant
default
balance sheet
23. Interest is paid once a year
compounded annually
compounded daily
default
mortgagor
24. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
minimum
special discounts
real property
25. Costs that fluctuate
the two methods calculators use to process information
variable costs
fixed costs
compounded interest
26. The number you are multipliying by
compounded monthly
multiplier
range
per diem
27. The amount of money borrowed is between 75% - 95% of the purchase price
sample
multiplier
fixed costs
high-ratio mortgage
28. Money given to someone on condition the person will return the money and interest by a specific date
overtime
sample
amortization schedule
loan
29. The length of the loan
term
bottom line figures
special discounts
low risk investment
30. A number calculated from sample data
per diem
compounded monthly
statistic
variable
31. of one hundred
loan
lessee
percent
sensitivity analysis
32. Discounts offered to encourage customers to pay their bills on time
the four helpful calculating tools
high risk investment
mortgage
cash discounts
33. Amounts of money you owe
population
liabilities
dividend
variable
34. you may get a large return or get nothing
minimum
multiplicand
high risk investment
the three items that may have to be subracted from the gross return figure when calculating net return
35. Number calculated from population data
multiplicand
parameter
real property
sensitivity analysis
36. A comparison of two numbers
cash discounts
lessor
residual value
ratio
37. The most frequently occuring value in a group of data
mode
multiplier
divisor
per diem
38. The point where income and expenses intersect (no loss or profit)
high-ratio mortgage
risk
retired or amortized
break even point
39. An item of data the stays the same
the two types of interest
high risk investment
constant
shares
40. Part ownership in a company
complete enumeration survey
shares
foreclosure
parameter
41. When two ratios are equal
cross-footing
proportion
retired or amortized
foreign currency exchange
42. Amount of money coming in and going out of your business monthly
lessor
weighted average
real property
cash flow
43. Time worked beyond the established working hours
the two methods calculators use to process information
fixed costs
overtime
mortgagee
44. Things you own
complete enumeration survey
chain discounts
conventional mortgage
assets
45. Interest calculated on the principal plus any accumulated interest
compounded interest
mode
divisor
lessor
46. The money paid to an employee based on a percentage of their sales
assets
special discounts
simple interest
sales commission
47. Interest is paid twice a year
chain discounts
compounded sem-annually
ratio
statistic
48. Paid in full
real property
money factor
the four helpful calculating tools
retired or amortized
49. The score that falls in the middle
median
compounded interest
residual value
sample
50. The borrower
special discounts
mortgagor
net capitalized cost
p.a.