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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. Parts of a whole number
fractions
median
preference shares
money factor
2. The total of units multiplied by the price
compounded annually
multiplier
extention
maximum
3. The difference between the highest and lowest numbers in a set of data
range
population
amortization period
conventional mortgage
4. An item of data the stays the same
constant
collateral
multiplicand
bonds
5. used when the each piece of data has more than one component
mean
balance sheet
weighted average
front-loaded
6. Costs that fluctuate
fixed costs
variable costs
common shares
complete enumeration survey
7. Property other than real estate (often called a chattel mortgage)
balance sheet
risk
fixed costs
personal property
8. The final figures
median
bottom line figures
variable costs
dividend
9. Discounts offered to encourage customers to pay their bills on time
term
invoice
cash discounts
weighted average
10. The unexpected variablility of returns
risk
simple interest
term
conventional mortgage
11. Interest is paid twelve times a year
income statement
compounded monthly
extention
median
12. A portion of the population being studied
front-loaded
sample
low risk investment
fractions
13. Part ownership in a company
shares
loan
multiplier
foreign currency exchange
14. A number calculated from sample data
collateral
the two main types of shares
dividend
statistic
15. real estate (houses - condos - warehouses - factories - etc)
invoice
percent
residual value
real property
16. The highest number in a group of data
maximum
conventional mortgage
mode
median
17. The first number
multiplicand
overtime
mode
mortgagee
18. A loan
lessee
income statement
mortgage
overtime
19. you may get a large return or get nothing
capital cost allowance
high risk investment
multiplier
preference shares
20. Provide a specific dividend that is paid before any dividends are paid to common stock holders
cash flow
overtime
preference shares
minimum
21. electronic - portable (pocket) - computer - spreadsheets
simple interest
collateral
mortgagor
the four helpful calculating tools
22. Interest calculated on the principle
parameter
term
simple interest
amortization period
23. A decimal figure when x by 2400 gives an approximate annual interest rate
extention
p.a.
chain discounts
money factor
24. Algebraic - arithmetic
compounded interest
special discounts
the two methods calculators use to process information
population
25. Money given to someone on condition the person will return the money and interest by a specific date
real property
the two main types of shares
loan
bottom line figures
26. A percentage discount for buyers associated with the products being sold
trade discount
mortgage
conventional mortgage
compounded sem-annually
27. The person paying to borrow property for a certain amount of time for payments
variable costs
foreign currency exchange
lessee
term
28. Security for a loan
special discounts
collateral
weighted average
cross-footing
29. The depreciation of an asset as an expense
capital cost allowance
sales commission
personal property
special discounts
30. More than one frequently occuring value in a group of data
multi modal
personal property
medium risk investment
compounded sem-annually
31. The score that falls in the middle
front-loaded
compounded annually
median
minimum
32. The majority of the early payments go toward paying the interest on the loan
compounded annually
multiplier
minimum
front-loaded
33. Things you own
trade discount
assets
amortization schedule
the three items that may have to be subracted from the gross return figure when calculating net return
34. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
risk
term
personal property
35. Deciding if its worth the risk
foreclosure
money factor
sensitivity analysis
constant
36. Non-payment
dividend
retired or amortized
mortgagor
default
37. A rate that one currency can be exchanged for another
retired or amortized
lease
foreign currency exchange
median
38. Shows the money coming in and expenses for a certain period of time.
interest
trade discount
sample
income statement
39. Simple and compound
proportion
high risk investment
the two types of interest
ratio
40. A contract giving someone the right to use something for a certain length of time
lease
the two methods calculators use to process information
money factor
compounded annually
41. Interest is paid twice a year
variable costs
retired or amortized
dividend
compounded sem-annually
42. Preference and common
foreclosure
dividend
fractions
the two main types of shares
43. of one hundred
amortization period
invoice
real property
percent
44. Interest is paid once a year
compounded annually
divisor
data
assets
45. The point where income and expenses intersect (no loss or profit)
sales commission
shares
break even point
retired or amortized
46. The interest amount is small - but you are guaranteed to get something
dividend
low risk investment
personal property
mortgagor
47. Investing in a well-established company
medium risk investment
median
overtime
the two types of interest
48. Commission fee - inflation rate - capital gains tax
fractions
the three items that may have to be subracted from the gross return figure when calculating net return
preference shares
capital cost allowance
49. A bill
multiplicand
default
compounded sem-annually
invoice
50. A percentage discount to customers
conventional mortgage
variable costs
multi modal
special discounts