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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
the four helpful calculating tools
net capitalized cost
conventional mortgage
fractions
2. Investing in a well-established company
loan
medium risk investment
shares
compounded sem-annually
3. The final figures
bottom line figures
lease
money factor
investment
4. The difference between the highest and lowest numbers in a set of data
median
interest
mode
range
5. Discounts offered to encourage customers to pay their bills on time
ratio
high-ratio mortgage
mortgagee
cash discounts
6. The first number
variable
cash discounts
multiplicand
ratio
7. Property other than real estate (often called a chattel mortgage)
personal property
break even point
complete enumeration survey
per diem
8. The score that falls in the middle
preference shares
range
bottom line figures
median
9. The interest amount is small - but you are guaranteed to get something
parameter
compounded interest
the two main types of shares
low risk investment
10. The number you are dividing by
mortgagor
divisor
risk
multiplier
11. A comparison of two numbers
extention
compounded quarterly
ratio
the two types of interest
12. An item of data the stays the same
net capitalized cost
retired or amortized
median
constant
13. Amount of money coming in and going out of your business monthly
balance sheet
high risk investment
the two types of interest
cash flow
14. Something that is expected to return a profit
collateral
investment
cash flow
retired or amortized
15. Algebraic - arithmetic
assets
special discounts
the two methods calculators use to process information
statistic
16. Interest is paid 365 times a year
investment
statistic
sample
compounded daily
17. (simple average) adding the group of items and dividing by the total number of items
percent
variable costs
mean
the four helpful calculating tools
18. A percentage discount to customers
default
special discounts
the two methods calculators use to process information
mode
19. Security for a loan
price earnings ratios
collateral
break even point
divisor
20. Number calculated from population data
special discounts
personal property
parameter
amortization period
21. The point where income and expenses intersect (no loss or profit)
median
shares
break even point
residual value
22. Interest calculated on the principle
dividend
assets
simple interest
sample
23. Shows the assets - liabilities and financial position of the company
multiplier
mortgage
the two main types of shares
balance sheet
24. The length of the loan
term
conventional mortgage
lessee
assets
25. Indicators of the confidence investors have in a company (the higher the better)
price earnings ratios
compounded daily
income statement
extention
26. The amount of money borrowed is between 75% - 95% of the purchase price
complete enumeration survey
high-ratio mortgage
compounded monthly
foreclosure
27. Interest is paid once a year
compounded annually
balance sheet
cross-footing
liabilities
28. A rate that one currency can be exchanged for another
foreign currency exchange
medium risk investment
mean
dividend
29. Interest is paid twelve times a year
p.a.
the two types of interest
compounded monthly
sample
30. The depreciation of an asset as an expense
the two types of interest
lease
cross-footing
capital cost allowance
31. The money paid to an employee based on a percentage of their sales
sales commission
real property
mortgagee
extention
32. Non-payment
high-ratio mortgage
compounded sem-annually
default
invoice
33. Money earned on an investment or paid on a loan
loan
foreclosure
maximum
interest
34. real estate (houses - condos - warehouses - factories - etc)
liabilities
the two methods calculators use to process information
real property
foreclosure
35. electronic - portable (pocket) - computer - spreadsheets
constant
the four helpful calculating tools
foreclosure
high-ratio mortgage
36. Things you own
assets
per diem
multiplicand
front-loaded
37. The most frequently occuring value in a group of data
cash discounts
mode
compounded sem-annually
special discounts
38. A complete set of individuals - objects or scores being studied
the three items that may have to be subracted from the gross return figure when calculating net return
fixed costs
population
parameter
39. Amounts of money you owe
common shares
liabilities
ratio
balance sheet
40. Parts of a whole number
price earnings ratios
foreign currency exchange
per diem
fractions
41. Simple and compound
the two types of interest
lessee
variable costs
p.a.
42. The price after any down-payment or trade-in
trade discount
net capitalized cost
high risk investment
lessor
43. Money given to someone on condition the person will return the money and interest by a specific date
per diem
loan
risk
overtime
44. Adding columns of figures horizontally and vertically to check that the totals agree
minimum
cash flow
compounded monthly
cross-footing
45. The owner of the property
lessor
compounded sem-annually
sensitivity analysis
foreclosure
46. Time worked beyond the established working hours
overtime
term
median
multiplier
47. The borrower
per diem
conventional mortgage
weighted average
mortgagor
48. Interest is paid twice a year
compounded interest
the two main types of shares
compounded sem-annually
shares
49. The unexpected variablility of returns
proportion
amortization period
compounded quarterly
risk
50. The person paying to borrow property for a certain amount of time for payments
lessee
multi modal
mean
complete enumeration survey
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