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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 decimal figure when x by 2400 gives an approximate annual interest rate
money factor
balance sheet
sales commission
collateral
2. The process of repossessing and selling the real or personal property when the borrower has defaulted
the two types of interest
foreclosure
proportion
lessee
3. Adding columns of figures horizontally and vertically to check that the totals agree
range
maximum
cross-footing
high-ratio mortgage
4. The final figures
income statement
extention
bottom line figures
bonds
5. The point where income and expenses intersect (no loss or profit)
compounded quarterly
the two main types of shares
break even point
multiplicand
6. A rate that one currency can be exchanged for another
population
common shares
foreign currency exchange
fractions
7. The highest number in a group of data
range
proportion
simple interest
maximum
8. A portion of the population being studied
invoice
complete enumeration survey
weighted average
sample
9. Interest is paid twelve times a year
collateral
compounded monthly
cash flow
parameter
10. The lowest number in a group of data
minimum
lessee
per diem
cash flow
11. Costs that fluctuate
the two types of interest
per diem
sample
variable costs
12. Where info is collected for every unit of the population
complete enumeration survey
compounded daily
chain discounts
shares
13. The number you are multipliying by
simple interest
multiplier
fixed costs
conventional mortgage
14. used when the each piece of data has more than one component
weighted average
loan
proportion
the three items that may have to be subracted from the gross return figure when calculating net return
15. Discounts offered to encourage customers to pay their bills on time
multi modal
special discounts
maximum
cash discounts
16. A percentage discount for buyers associated with the products being sold
compounded interest
trade discount
sales commission
the three items that may have to be subracted from the gross return figure when calculating net return
17. The info collected from a survey and the figures generated through statistical analysis
mean
population
simple interest
data
18. The person paying to borrow property for a certain amount of time for payments
parameter
lessee
mortgagor
real property
19. The difference between the highest and lowest numbers in a set of data
the two types of interest
range
lessee
term
20. A complete set of individuals - objects or scores being studied
compounded quarterly
p.a.
population
special discounts
21. When two ratios are equal
proportion
the two methods calculators use to process information
compounded daily
investment
22. The interest amount is small - but you are guaranteed to get something
low risk investment
term
the three items that may have to be subracted from the gross return figure when calculating net return
complete enumeration survey
23. loans to companies or goverments (no voting rights)
bonds
population
ratio
statistic
24. A contract giving someone the right to use something for a certain length of time
lease
shares
fractions
constant
25. A loan
mortgage
risk
bottom line figures
bonds
26. Paid dividends after the preference shares have been paid
foreclosure
mode
common shares
the four helpful calculating tools
27. An item of data the stays the same
compounded monthly
percent
constant
the two types of interest
28. The lender
medium risk investment
mortgagor
minimum
mortgagee
29. Money given to someone on condition the person will return the money and interest by a specific date
loan
ratio
overtime
complete enumeration survey
30. Interest is paid four times a year
multi modal
high risk investment
simple interest
compounded quarterly
31. Per annum - yearly
median
p.a.
bottom line figures
the two methods calculators use to process information
32. Investing in a well-established company
medium risk investment
lessor
collateral
lease
33. Deciding if its worth the risk
special discounts
high risk investment
personal property
sensitivity analysis
34. Things you own
money factor
mortgagee
break even point
assets
35. Time worked beyond the established working hours
overtime
proportion
high risk investment
chain discounts
36. A comparison of two numbers
special discounts
ratio
bottom line figures
lease
37. The money paid to an employee based on a percentage of their sales
compounded monthly
sales commission
collateral
balance sheet
38. The length of the loan
term
collateral
trade discount
amortization period
39. Simple and compound
overtime
foreclosure
the two types of interest
population
40. electronic - portable (pocket) - computer - spreadsheets
preference shares
the three items that may have to be subracted from the gross return figure when calculating net return
the four helpful calculating tools
compounded quarterly
41. Money earned on an investment or paid on a loan
mortgagor
interest
ratio
foreclosure
42. The most frequently occuring value in a group of data
collateral
mode
dividend
parameter
43. Costs that remain constant
fixed costs
mode
mortgagor
divisor
44. Share of the profits of a company
dividend
compounded daily
fractions
minimum
45. Interest is paid twice a year
retired or amortized
compounded sem-annually
interest
compounded daily
46. Shows the assets - liabilities and financial position of the company
dividend
balance sheet
compounded monthly
income statement
47. The amount of money borrowed is between 75% - 95% of the purchase price
simple interest
high-ratio mortgage
risk
variable
48. of one hundred
foreign currency exchange
front-loaded
dividend
percent
49. More than one frequently occuring value in a group of data
multi modal
p.a.
real property
money factor
50. A bill
invoice
compounded annually
percent
collateral