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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 number to be divided by
complete enumeration survey
mode
weighted average
dividend
2. The money paid to an employee based on a percentage of their sales
loan
cash discounts
sales commission
lease
3. The first number
multiplicand
dividend
the two types of interest
lease
4. Money earned on an investment or paid on a loan
loan
extention
maximum
interest
5. used when the each piece of data has more than one component
compounded annually
percent
low risk investment
weighted average
6. Time worked beyond the established working hours
trade discount
overtime
per diem
the four helpful calculating tools
7. A loan
conventional mortgage
statistic
mortgage
sales commission
8. The final figures
maximum
proportion
bottom line figures
personal property
9. The depreciation of an asset as an expense
minimum
capital cost allowance
compounded annually
chain discounts
10. Provide a specific dividend that is paid before any dividends are paid to common stock holders
variable costs
foreclosure
preference shares
conventional mortgage
11. Shows the money coming in and expenses for a certain period of time.
balance sheet
income statement
default
mode
12. Shows the assets - liabilities and financial position of the company
the two types of interest
the three items that may have to be subracted from the gross return figure when calculating net return
multiplicand
balance sheet
13. The interest amount is small - but you are guaranteed to get something
low risk investment
extention
common shares
weighted average
14. Security for a loan
low risk investment
dividend
collateral
overtime
15. An item of data the stays the same
minimum
constant
simple interest
per diem
16. The process of repossessing and selling the real or personal property when the borrower has defaulted
invoice
foreclosure
retired or amortized
trade discount
17. More than one frequently occuring value in a group of data
multiplicand
mortgagee
population
multi modal
18. The difference between the highest and lowest numbers in a set of data
multi modal
the two methods calculators use to process information
the three items that may have to be subracted from the gross return figure when calculating net return
range
19. Algebraic - arithmetic
invoice
mortgagor
sales commission
the two methods calculators use to process information
20. The length of the loan
term
price earnings ratios
median
mortgage
21. Investing in a well-established company
range
maximum
medium risk investment
high risk investment
22. A contract giving someone the right to use something for a certain length of time
sample
residual value
assets
lease
23. Interest is paid four times a year
liabilities
preference shares
compounded quarterly
simple interest
24. A chart that shows the balance of the mortgage after each amortization period
capital cost allowance
parameter
amortization schedule
collateral
25. A complete set of individuals - objects or scores being studied
population
interest
multiplicand
net capitalized cost
26. The score that falls in the middle
median
overtime
price earnings ratios
complete enumeration survey
27. (simple average) adding the group of items and dividing by the total number of items
mean
lessee
per diem
high-ratio mortgage
28. A bill
medium risk investment
investment
compounded sem-annually
invoice
29. real estate (houses - condos - warehouses - factories - etc)
proportion
amortization period
range
real property
30. A percentage discount for buyers associated with the products being sold
retired or amortized
trade discount
simple interest
collateral
31. The length of time until the debt is zero
multiplicand
ratio
population
amortization period
32. Per annum - yearly
p.a.
net capitalized cost
overtime
collateral
33. A percentage discount to customers
special discounts
dividend
sensitivity analysis
compounded daily
34. Where info is collected for every unit of the population
maximum
complete enumeration survey
high-ratio mortgage
interest
35. Interest calculated on the principal plus any accumulated interest
low risk investment
compounded interest
bottom line figures
high-ratio mortgage
36. Things you own
compounded annually
sensitivity analysis
compounded sem-annually
assets
37. Something that is expected to return a profit
low risk investment
trade discount
conventional mortgage
investment
38. Amounts of money you owe
liabilities
front-loaded
median
dividend
39. The number you are multipliying by
cash discounts
multiplier
lease
range
40. The most frequently occuring value in a group of data
extention
foreign currency exchange
mode
lease
41. The majority of the early payments go toward paying the interest on the loan
front-loaded
range
compounded annually
data
42. The total of units multiplied by the price
range
extention
investment
cash discounts
43. The unexpected variablility of returns
compounded annually
bottom line figures
risk
mode
44. A rate that one currency can be exchanged for another
population
medium risk investment
foreign currency exchange
simple interest
45. Parts of a whole number
compounded interest
variable
fractions
simple interest
46. Interest calculated on the principle
simple interest
foreign currency exchange
investment
sample
47. you may get a large return or get nothing
high risk investment
default
foreign currency exchange
compounded quarterly
48. Money given to someone on condition the person will return the money and interest by a specific date
loan
bottom line figures
common shares
money factor
49. The person paying to borrow property for a certain amount of time for payments
common shares
compounded sem-annually
constant
lessee
50. Interest is paid once a year
compounded annually
lessee
proportion
variable costs