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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 of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
amortization schedule
loan
variable
2. of one hundred
percent
special discounts
foreclosure
amortization schedule
3. The person paying to borrow property for a certain amount of time for payments
invoice
mode
lessee
proportion
4. The borrower
mortgagor
front-loaded
net capitalized cost
compounded annually
5. The length of the loan
common shares
term
assets
maximum
6. Commission fee - inflation rate - capital gains tax
divisor
mode
the three items that may have to be subracted from the gross return figure when calculating net return
cash flow
7. Interest is paid twice a year
medium risk investment
income statement
sample
compounded sem-annually
8. A number calculated from sample data
real property
statistic
the four helpful calculating tools
amortization schedule
9. The total of units multiplied by the price
extention
compounded monthly
collateral
minimum
10. you may get a large return or get nothing
break even point
invoice
amortization schedule
high risk investment
11. When two ratios are equal
population
sample
proportion
variable costs
12. A complete set of individuals - objects or scores being studied
compounded monthly
fixed costs
sensitivity analysis
population
13. The unexpected variablility of returns
range
risk
the three items that may have to be subracted from the gross return figure when calculating net return
liabilities
14. Share of the profits of a company
the two types of interest
conventional mortgage
capital cost allowance
dividend
15. Costs that remain constant
ratio
variable costs
fixed costs
amortization schedule
16. The amount of money borrowed is less than 75% of the purchase price
amortization period
conventional mortgage
balance sheet
income statement
17. Algebraic - arithmetic
parameter
term
the two methods calculators use to process information
compounded daily
18. loans to companies or goverments (no voting rights)
mode
medium risk investment
bonds
cash flow
19. Where info is collected for every unit of the population
p.a.
foreign currency exchange
complete enumeration survey
high-ratio mortgage
20. The owner of the property
cross-footing
the four helpful calculating tools
sales commission
lessor
21. An item of data the stays the same
sales commission
special discounts
constant
mortgage
22. (simple average) adding the group of items and dividing by the total number of items
mean
capital cost allowance
overtime
sales commission
23. Something that is expected to return a profit
investment
mortgagor
p.a.
multi modal
24. A percentage discount for buyers associated with the products being sold
trade discount
weighted average
the four helpful calculating tools
foreclosure
25. The process of repossessing and selling the real or personal property when the borrower has defaulted
maximum
variable
capital cost allowance
foreclosure
26. The lender
fixed costs
mortgagee
compounded annually
term
27. electronic - portable (pocket) - computer - spreadsheets
overtime
extention
the four helpful calculating tools
common shares
28. An item of data that has a different value at different times
variable
amortization schedule
mortgage
collateral
29. The lowest number in a group of data
risk
multiplier
foreclosure
minimum
30. A contract giving someone the right to use something for a certain length of time
money factor
lease
dividend
low risk investment
31. A loan
mortgage
population
compounded quarterly
high-ratio mortgage
32. The majority of the early payments go toward paying the interest on the loan
per diem
front-loaded
mortgage
loan
33. The money paid to an employee based on a percentage of their sales
percent
bonds
sales commission
lessee
34. Parts of a whole number
dividend
fractions
real property
interest
35. More than one frequently occuring value in a group of data
multi modal
cash flow
constant
compounded quarterly
36. Paid dividends after the preference shares have been paid
common shares
preference shares
cash flow
medium risk investment
37. Security for a loan
multiplier
compounded monthly
investment
collateral
38. Interest is paid once a year
compounded annually
constant
personal property
mortgagee
39. The interest amount is small - but you are guaranteed to get something
mortgagor
low risk investment
loan
compounded annually
40. Interest calculated on the principle
mode
weighted average
money factor
simple interest
41. A series of discounts
compounded interest
chain discounts
compounded annually
multi modal
42. Money given to someone on condition the person will return the money and interest by a specific date
constant
the three items that may have to be subracted from the gross return figure when calculating net return
loan
compounded quarterly
43. Discounts offered to encourage customers to pay their bills on time
cash discounts
special discounts
multiplicand
maximum
44. Interest is paid four times a year
compounded quarterly
liabilities
invoice
conventional mortgage
45. Part ownership in a company
front-loaded
ratio
sensitivity analysis
shares
46. Adding columns of figures horizontally and vertically to check that the totals agree
personal property
cross-footing
compounded daily
p.a.
47. The difference between the highest and lowest numbers in a set of data
fractions
front-loaded
range
mortgage
48. The number you are dividing by
compounded annually
divisor
cash discounts
sensitivity analysis
49. A portion of the population being studied
sample
the two types of interest
range
capital cost allowance
50. A decimal figure when x by 2400 gives an approximate annual interest rate
invoice
money factor
front-loaded
mortgagee
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