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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 portion of the population being studied
medium risk investment
cash discounts
compounded monthly
sample
2. Security for a loan
collateral
foreign currency exchange
range
compounded sem-annually
3. Interest is paid twice a year
money factor
compounded sem-annually
proportion
per diem
4. The lender
mortgagee
proportion
constant
mean
5. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
money factor
loan
the two types of interest
6. The person paying to borrow property for a certain amount of time for payments
foreign currency exchange
maximum
variable
lessee
7. Property other than real estate (often called a chattel mortgage)
net capitalized cost
personal property
multiplier
parameter
8. The number you are multipliying by
multiplier
net capitalized cost
constant
front-loaded
9. The length of the loan
default
bonds
term
amortization period
10. Share of the profits of a company
minimum
mortgagee
dividend
common shares
11. Algebraic - arithmetic
compounded monthly
the two methods calculators use to process information
loan
price earnings ratios
12. The process of repossessing and selling the real or personal property when the borrower has defaulted
price earnings ratios
multiplicand
foreclosure
parameter
13. Amounts of money you owe
invoice
liabilities
the four helpful calculating tools
mean
14. real estate (houses - condos - warehouses - factories - etc)
overtime
term
mean
real property
15. The final figures
bottom line figures
maximum
sample
investment
16. The most frequently occuring value in a group of data
bonds
lessee
residual value
mode
17. The info collected from a survey and the figures generated through statistical analysis
term
data
mortgagee
statistic
18. The amount of money borrowed is between 75% - 95% of the purchase price
fractions
front-loaded
high-ratio mortgage
proportion
19. Indicators of the confidence investors have in a company (the higher the better)
compounded interest
residual value
the four helpful calculating tools
price earnings ratios
20. loans to companies or goverments (no voting rights)
compounded monthly
sales commission
bonds
dividend
21. Costs that fluctuate
high risk investment
mean
variable costs
multi modal
22. Parts of a whole number
mortgagor
fractions
the two methods calculators use to process information
capital cost allowance
23. The first number
multiplicand
retired or amortized
compounded sem-annually
high risk investment
24. Non-payment
constant
cash flow
high risk investment
default
25. The amount of money borrowed is less than 75% of the purchase price
conventional mortgage
compounded interest
variable
lessee
26. Part ownership in a company
shares
dividend
multiplier
mean
27. Discounts offered to encourage customers to pay their bills on time
cash discounts
ratio
the three items that may have to be subracted from the gross return figure when calculating net return
multiplicand
28. Money given to someone on condition the person will return the money and interest by a specific date
multiplier
sales commission
loan
simple interest
29. The length of time until the debt is zero
variable costs
amortization period
sales commission
risk
30. Interest is paid twelve times a year
term
compounded monthly
high-ratio mortgage
sensitivity analysis
31. Number calculated from population data
parameter
median
special discounts
data
32. Interest calculated on the principal plus any accumulated interest
lessee
constant
compounded interest
divisor
33. A percentage discount for buyers associated with the products being sold
shares
trade discount
capital cost allowance
extention
34. The price after any down-payment or trade-in
net capitalized cost
multiplicand
common shares
lessee
35. Per day
default
per diem
variable costs
compounded sem-annually
36. Interest calculated on the principle
simple interest
variable
risk
percent
37. Interest is paid once a year
liabilities
lessor
the three items that may have to be subracted from the gross return figure when calculating net return
compounded annually
38. The difference between the highest and lowest numbers in a set of data
conventional mortgage
risk
range
sample
39. The point where income and expenses intersect (no loss or profit)
bottom line figures
amortization schedule
break even point
default
40. Paid dividends after the preference shares have been paid
complete enumeration survey
preference shares
common shares
compounded daily
41. The interest amount is small - but you are guaranteed to get something
minimum
income statement
low risk investment
the two methods calculators use to process information
42. electronic - portable (pocket) - computer - spreadsheets
assets
high-ratio mortgage
common shares
the four helpful calculating tools
43. A comparison of two numbers
foreclosure
weighted average
ratio
compounded monthly
44. Per annum - yearly
fractions
p.a.
maximum
parameter
45. A decimal figure when x by 2400 gives an approximate annual interest rate
front-loaded
low risk investment
money factor
lease
46. used when the each piece of data has more than one component
mortgage
weighted average
the four helpful calculating tools
front-loaded
47. Something that is expected to return a profit
multi modal
fractions
dividend
investment
48. The number you are dividing by
chain discounts
compounded annually
investment
divisor
49. The majority of the early payments go toward paying the interest on the loan
cash flow
mortgagee
front-loaded
common shares
50. Time worked beyond the established working hours
overtime
multi modal
population
mode