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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. Property other than real estate (often called a chattel mortgage)
term
bottom line figures
personal property
range
2. Preference and common
cash flow
foreign currency exchange
the two main types of shares
personal property
3. you may get a large return or get nothing
the two methods calculators use to process information
high risk investment
amortization period
trade discount
4. The unexpected variablility of returns
residual value
mode
risk
loan
5. (simple average) adding the group of items and dividing by the total number of items
mean
range
mortgagee
the three items that may have to be subracted from the gross return figure when calculating net return
6. The amount of money borrowed is less than 75% of the purchase price
amortization schedule
cash discounts
conventional mortgage
bottom line figures
7. More than one frequently occuring value in a group of data
net capitalized cost
overtime
liabilities
multi modal
8. Money given to someone on condition the person will return the money and interest by a specific date
mortgage
simple interest
population
loan
9. Simple and compound
proportion
assets
multiplier
the two types of interest
10. The final figures
bottom line figures
retired or amortized
per diem
the three items that may have to be subracted from the gross return figure when calculating net return
11. Number calculated from population data
sales commission
medium risk investment
parameter
cash flow
12. electronic - portable (pocket) - computer - spreadsheets
collateral
sample
the four helpful calculating tools
common shares
13. The difference between the highest and lowest numbers in a set of data
multiplicand
foreclosure
range
interest
14. Interest is paid 365 times a year
compounded daily
collateral
income statement
mortgagee
15. Things you own
ratio
data
assets
constant
16. Deciding if its worth the risk
ratio
sensitivity analysis
mortgagor
compounded annually
17. Where info is collected for every unit of the population
complete enumeration survey
high risk investment
divisor
personal property
18. The lowest number in a group of data
medium risk investment
minimum
high risk investment
compounded annually
19. Share of the profits of a company
divisor
dividend
lessor
multiplicand
20. An item of data that has a different value at different times
percent
variable
dividend
sales commission
21. The money paid to an employee based on a percentage of their sales
common shares
the two methods calculators use to process information
mean
sales commission
22. The length of time until the debt is zero
sales commission
amortization period
mortgagee
lessee
23. A percentage discount to customers
default
the three items that may have to be subracted from the gross return figure when calculating net return
compounded interest
special discounts
24. Provide a specific dividend that is paid before any dividends are paid to common stock holders
preference shares
personal property
medium risk investment
minimum
25. Interest is paid twice a year
conventional mortgage
collateral
compounded sem-annually
break even point
26. A rate that one currency can be exchanged for another
multiplier
lessee
foreign currency exchange
compounded annually
27. A decimal figure when x by 2400 gives an approximate annual interest rate
chain discounts
investment
interest
money factor
28. The lender
high risk investment
mean
mortgagee
the two main types of shares
29. Security for a loan
simple interest
amortization schedule
data
collateral
30. The number you are dividing by
divisor
dividend
sensitivity analysis
the two types of interest
31. The first number
mean
proportion
dividend
multiplicand
32. A series of discounts
chain discounts
compounded quarterly
constant
sensitivity analysis
33. Adding columns of figures horizontally and vertically to check that the totals agree
mode
retired or amortized
cross-footing
weighted average
34. The length of the loan
fixed costs
term
compounded annually
foreign currency exchange
35. Interest calculated on the principal plus any accumulated interest
conventional mortgage
compounded quarterly
per diem
compounded interest
36. Commission fee - inflation rate - capital gains tax
common shares
the three items that may have to be subracted from the gross return figure when calculating net return
cash discounts
high-ratio mortgage
37. When two ratios are equal
lessor
low risk investment
median
proportion
38. An item of data the stays the same
mortgage
constant
dividend
the two types of interest
39. The amount the property is worth at the end of the lease
mode
ratio
residual value
fixed costs
40. The borrower
income statement
mortgagor
parameter
cash discounts
41. Interest is paid once a year
medium risk investment
compounded annually
price earnings ratios
bonds
42. Amounts of money you owe
liabilities
minimum
loan
dividend
43. The process of repossessing and selling the real or personal property when the borrower has defaulted
price earnings ratios
collateral
bonds
foreclosure
44. A number calculated from sample data
multi modal
statistic
mortgagee
trade discount
45. The total of units multiplied by the price
extention
dividend
simple interest
percent
46. The price after any down-payment or trade-in
the two methods calculators use to process information
special discounts
dividend
net capitalized cost
47. A comparison of two numbers
constant
high-ratio mortgage
income statement
ratio
48. The number you are multipliying by
retired or amortized
parameter
simple interest
multiplier
49. real estate (houses - condos - warehouses - factories - etc)
proportion
price earnings ratios
weighted average
real property
50. The highest number in a group of data
maximum
capital cost allowance
foreclosure
fixed costs