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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. Discounts offered to encourage customers to pay their bills on time
break even point
population
assets
cash discounts
2. Costs that remain constant
front-loaded
compounded annually
trade discount
fixed costs
3. The most frequently occuring value in a group of data
percent
mode
population
chain discounts
4. A complete set of individuals - objects or scores being studied
loan
collateral
population
divisor
5. A decimal figure when x by 2400 gives an approximate annual interest rate
loan
money factor
multiplier
median
6. The money paid to an employee based on a percentage of their sales
median
cross-footing
the two types of interest
sales commission
7. A portion of the population being studied
money factor
foreclosure
compounded annually
sample
8. used when the each piece of data has more than one component
the four helpful calculating tools
multiplicand
sales commission
weighted average
9. Paid dividends after the preference shares have been paid
dividend
per diem
common shares
real property
10. A loan
lease
complete enumeration survey
mortgage
multi modal
11. The process of repossessing and selling the real or personal property when the borrower has defaulted
preference shares
dividend
foreclosure
investment
12. An item of data the stays the same
median
parameter
multiplicand
constant
13. Parts of a whole number
amortization period
common shares
fractions
liabilities
14. (simple average) adding the group of items and dividing by the total number of items
liabilities
chain discounts
population
mean
15. The amount the property is worth at the end of the lease
fixed costs
assets
residual value
personal property
16. The point where income and expenses intersect (no loss or profit)
mortgagor
compounded annually
sensitivity analysis
break even point
17. The highest number in a group of data
compounded quarterly
maximum
sample
conventional mortgage
18. When two ratios are equal
mortgagee
proportion
lessor
population
19. Adding columns of figures horizontally and vertically to check that the totals agree
median
proportion
cross-footing
risk
20. Interest is paid four times a year
compounded quarterly
retired or amortized
compounded daily
data
21. Interest is paid twice a year
default
collateral
compounded sem-annually
simple interest
22. The price after any down-payment or trade-in
net capitalized cost
amortization period
shares
medium risk investment
23. A bill
parameter
lessee
invoice
proportion
24. Paid in full
retired or amortized
constant
cash discounts
lease
25. Interest calculated on the principle
collateral
simple interest
parameter
percent
26. The number you are dividing by
money factor
lessee
variable
divisor
27. The majority of the early payments go toward paying the interest on the loan
divisor
cross-footing
front-loaded
trade discount
28. The first number
minimum
multiplicand
dividend
foreclosure
29. Interest calculated on the principal plus any accumulated interest
the three items that may have to be subracted from the gross return figure when calculating net return
simple interest
compounded interest
compounded sem-annually
30. Costs that fluctuate
trade discount
amortization schedule
variable costs
sample
31. The person paying to borrow property for a certain amount of time for payments
fractions
dividend
lessee
conventional mortgage
32. The length of time until the debt is zero
amortization period
median
the two main types of shares
high risk investment
33. The number to be divided by
dividend
capital cost allowance
special discounts
sample
34. The info collected from a survey and the figures generated through statistical analysis
data
net capitalized cost
proportion
collateral
35. Indicators of the confidence investors have in a company (the higher the better)
data
invoice
price earnings ratios
sample
36. The lender
data
the two types of interest
mortgagee
special discounts
37. Amount of money coming in and going out of your business monthly
cash flow
the four helpful calculating tools
median
weighted average
38. real estate (houses - condos - warehouses - factories - etc)
sensitivity analysis
real property
amortization schedule
mortgagor
39. Number calculated from population data
investment
compounded sem-annually
parameter
foreign currency exchange
40. electronic - portable (pocket) - computer - spreadsheets
extention
the four helpful calculating tools
bonds
divisor
41. of one hundred
compounded quarterly
percent
extention
sensitivity analysis
42. The total of units multiplied by the price
loan
extention
assets
preference shares
43. Share of the profits of a company
invoice
capital cost allowance
net capitalized cost
dividend
44. The lowest number in a group of data
mean
income statement
minimum
investment
45. A contract giving someone the right to use something for a certain length of time
balance sheet
lease
bottom line figures
special discounts
46. The borrower
lease
price earnings ratios
mortgagor
liabilities
47. Interest is paid twelve times a year
amortization schedule
per diem
the four helpful calculating tools
compounded monthly
48. Shows the money coming in and expenses for a certain period of time.
foreign currency exchange
invoice
income statement
range
49. More than one frequently occuring value in a group of data
mortgagee
data
sales commission
multi modal
50. Commission fee - inflation rate - capital gains tax
mean
amortization schedule
bonds
the three items that may have to be subracted from the gross return figure when calculating net return