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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 less than 75% of the purchase price
conventional mortgage
residual value
variable
retired or amortized
2. loans to companies or goverments (no voting rights)
net capitalized cost
bonds
price earnings ratios
foreclosure
3. The difference between the highest and lowest numbers in a set of data
fractions
the two main types of shares
range
risk
4. used when the each piece of data has more than one component
weighted average
compounded monthly
medium risk investment
loan
5. Deciding if its worth the risk
sample
mean
constant
sensitivity analysis
6. A comparison of two numbers
retired or amortized
complete enumeration survey
lease
ratio
7. The first number
multiplicand
simple interest
variable
the two methods calculators use to process information
8. Interest is paid 365 times a year
compounded daily
real property
the two main types of shares
high-ratio mortgage
9. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
investment
sales commission
mortgagor
10. The number you are multipliying by
multiplier
variable
extention
mortgagee
11. The unexpected variablility of returns
break even point
interest
balance sheet
risk
12. The process of repossessing and selling the real or personal property when the borrower has defaulted
bottom line figures
the two main types of shares
foreclosure
collateral
13. The person paying to borrow property for a certain amount of time for payments
fixed costs
lessee
compounded quarterly
default
14. The info collected from a survey and the figures generated through statistical analysis
investment
constant
data
mortgage
15. More than one frequently occuring value in a group of data
mode
multi modal
amortization schedule
multiplier
16. The number you are dividing by
the three items that may have to be subracted from the gross return figure when calculating net return
money factor
divisor
amortization period
17. The money paid to an employee based on a percentage of their sales
the two main types of shares
investment
sales commission
lessee
18. An item of data the stays the same
constant
minimum
high risk investment
capital cost allowance
19. Where info is collected for every unit of the population
cross-footing
minimum
complete enumeration survey
dividend
20. Number calculated from population data
parameter
cash flow
sensitivity analysis
shares
21. real estate (houses - condos - warehouses - factories - etc)
real property
lessor
low risk investment
shares
22. Amount of money coming in and going out of your business monthly
cash flow
divisor
cross-footing
maximum
23. Indicators of the confidence investors have in a company (the higher the better)
fractions
sensitivity analysis
multiplier
price earnings ratios
24. Share of the profits of a company
mortgagor
dividend
balance sheet
lessee
25. Money given to someone on condition the person will return the money and interest by a specific date
loan
mortgagee
personal property
cash discounts
26. The amount of money borrowed is between 75% - 95% of the purchase price
weighted average
high-ratio mortgage
amortization period
cash discounts
27. The highest number in a group of data
mortgage
maximum
risk
money factor
28. The number to be divided by
liabilities
dividend
multiplier
variable costs
29. Interest is paid twelve times a year
front-loaded
compounded monthly
amortization schedule
capital cost allowance
30. A percentage discount to customers
parameter
compounded annually
special discounts
extention
31. A decimal figure when x by 2400 gives an approximate annual interest rate
money factor
per diem
investment
front-loaded
32. The borrower
high-ratio mortgage
income statement
mortgagor
collateral
33. The owner of the property
lessor
compounded daily
residual value
compounded interest
34. A portion of the population being studied
sample
mortgage
compounded sem-annually
lease
35. Property other than real estate (often called a chattel mortgage)
capital cost allowance
personal property
invoice
constant
36. Money earned on an investment or paid on a loan
interest
medium risk investment
mortgagee
weighted average
37. The interest amount is small - but you are guaranteed to get something
dividend
fractions
low risk investment
compounded sem-annually
38. A loan
population
real property
mortgage
extention
39. The length of the loan
bottom line figures
minimum
term
default
40. The price after any down-payment or trade-in
retired or amortized
price earnings ratios
dividend
net capitalized cost
41. of one hundred
percent
liabilities
break even point
retired or amortized
42. (simple average) adding the group of items and dividing by the total number of items
real property
mean
complete enumeration survey
lessor
43. Commission fee - inflation rate - capital gains tax
the three items that may have to be subracted from the gross return figure when calculating net return
medium risk investment
extention
amortization period
44. Paid in full
trade discount
term
divisor
retired or amortized
45. Algebraic - arithmetic
the two methods calculators use to process information
dividend
fixed costs
mortgagee
46. Shows the assets - liabilities and financial position of the company
balance sheet
break even point
real property
bottom line figures
47. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
minimum
the two main types of shares
low risk investment
48. The final figures
personal property
bottom line figures
trade discount
proportion
49. Non-payment
default
invoice
variable costs
compounded annually
50. you may get a large return or get nothing
extention
percent
fractions
high risk investment