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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. Money earned on an investment or paid on a loan
the two types of interest
money factor
interest
maximum
2. The difference between the highest and lowest numbers in a set of data
lessee
range
compounded sem-annually
maximum
3. Costs that fluctuate
money factor
compounded monthly
foreign currency exchange
variable costs
4. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
compounded interest
sample
maximum
5. The process of repossessing and selling the real or personal property when the borrower has defaulted
retired or amortized
mean
foreclosure
medium risk investment
6. The first number
lease
multiplicand
per diem
multiplier
7. Parts of a whole number
sales commission
fractions
ratio
lessee
8. The amount the property is worth at the end of the lease
money factor
cross-footing
residual value
bottom line figures
9. A percentage discount for buyers associated with the products being sold
multiplier
balance sheet
trade discount
mortgagee
10. The number you are multipliying by
income statement
population
loan
multiplier
11. real estate (houses - condos - warehouses - factories - etc)
preference shares
real property
retired or amortized
dividend
12. Interest is paid twice a year
the two main types of shares
minimum
compounded sem-annually
capital cost allowance
13. The owner of the property
the two main types of shares
lessor
break even point
money factor
14. The majority of the early payments go toward paying the interest on the loan
lessee
mode
price earnings ratios
front-loaded
15. Preference and common
the two main types of shares
weighted average
net capitalized cost
compounded daily
16. Non-payment
the two methods calculators use to process information
residual value
retired or amortized
default
17. Things you own
high-ratio mortgage
medium risk investment
cash discounts
assets
18. Costs that remain constant
the two methods calculators use to process information
investment
statistic
fixed costs
19. More than one frequently occuring value in a group of data
multi modal
personal property
cash discounts
compounded sem-annually
20. The interest amount is small - but you are guaranteed to get something
constant
simple interest
low risk investment
dividend
21. The most frequently occuring value in a group of data
multiplier
mode
sales commission
bottom line figures
22. Share of the profits of a company
foreclosure
dividend
parameter
compounded annually
23. Shows the assets - liabilities and financial position of the company
weighted average
investment
balance sheet
real property
24. Property other than real estate (often called a chattel mortgage)
personal property
population
invoice
percent
25. Per day
sensitivity analysis
foreign currency exchange
per diem
percent
26. Commission fee - inflation rate - capital gains tax
liabilities
personal property
the three items that may have to be subracted from the gross return figure when calculating net return
chain discounts
27. The score that falls in the middle
median
multiplicand
range
simple interest
28. The point where income and expenses intersect (no loss or profit)
data
maximum
median
break even point
29. When two ratios are equal
multiplier
proportion
range
percent
30. The number to be divided by
simple interest
preference shares
dividend
compounded monthly
31. The length of time until the debt is zero
sample
amortization period
population
term
32. The number you are dividing by
divisor
compounded quarterly
liabilities
front-loaded
33. The info collected from a survey and the figures generated through statistical analysis
retired or amortized
sample
bonds
data
34. Algebraic - arithmetic
the two methods calculators use to process information
multi modal
lease
variable costs
35. A number calculated from sample data
simple interest
statistic
fractions
special discounts
36. A comparison of two numbers
ratio
interest
investment
per diem
37. used when the each piece of data has more than one component
compounded monthly
weighted average
preference shares
default
38. The highest number in a group of data
variable
personal property
maximum
money factor
39. Time worked beyond the established working hours
front-loaded
overtime
mortgagee
mortgagor
40. The amount of money borrowed is between 75% - 95% of the purchase price
balance sheet
high-ratio mortgage
mean
mode
41. A decimal figure when x by 2400 gives an approximate annual interest rate
retired or amortized
simple interest
foreign currency exchange
money factor
42. A rate that one currency can be exchanged for another
dividend
foreign currency exchange
capital cost allowance
bonds
43. Paid dividends after the preference shares have been paid
statistic
common shares
personal property
retired or amortized
44. The unexpected variablility of returns
median
amortization schedule
risk
multiplier
45. loans to companies or goverments (no voting rights)
compounded annually
bonds
shares
personal property
46. The lender
mortgagee
mode
multiplier
compounded quarterly
47. Interest calculated on the principle
mean
complete enumeration survey
lessor
simple interest
48. A series of discounts
data
chain discounts
parameter
multi modal
49. Security for a loan
collateral
variable
compounded annually
sample
50. A percentage discount to customers
loan
median
special discounts
compounded interest