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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 the property is worth at the end of the lease
foreign currency exchange
residual value
amortization period
mortgage
2. Time worked beyond the established working hours
term
default
overtime
bottom line figures
3. Interest is paid once a year
compounded annually
weighted average
bonds
complete enumeration survey
4. real estate (houses - condos - warehouses - factories - etc)
real property
capital cost allowance
multiplier
compounded monthly
5. The difference between the highest and lowest numbers in a set of data
personal property
cross-footing
range
maximum
6. Deciding if its worth the risk
variable costs
sensitivity analysis
sample
compounded monthly
7. A decimal figure when x by 2400 gives an approximate annual interest rate
investment
compounded daily
compounded annually
money factor
8. A series of discounts
chain discounts
break even point
lessee
dividend
9. The depreciation of an asset as an expense
per diem
bottom line figures
mortgage
capital cost allowance
10. Paid in full
term
lessee
amortization schedule
retired or amortized
11. Money given to someone on condition the person will return the money and interest by a specific date
population
loan
weighted average
dividend
12. An item of data the stays the same
liabilities
mode
constant
amortization period
13. The number to be divided by
bonds
dividend
compounded interest
compounded quarterly
14. The length of time until the debt is zero
percent
residual value
complete enumeration survey
amortization period
15. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
p.a.
divisor
amortization period
16. Property other than real estate (often called a chattel mortgage)
personal property
the two types of interest
residual value
range
17. Per annum - yearly
preference shares
cash flow
sample
p.a.
18. Discounts offered to encourage customers to pay their bills on time
foreclosure
lease
personal property
cash discounts
19. Investing in a well-established company
medium risk investment
special discounts
money factor
variable costs
20. Shows the money coming in and expenses for a certain period of time.
percent
complete enumeration survey
income statement
high risk investment
21. Part ownership in a company
dividend
median
shares
mortgage
22. Simple and compound
fixed costs
population
the three items that may have to be subracted from the gross return figure when calculating net return
the two types of interest
23. The majority of the early payments go toward paying the interest on the loan
money factor
multiplicand
front-loaded
shares
24. The money paid to an employee based on a percentage of their sales
compounded annually
liabilities
variable
sales commission
25. Commission fee - inflation rate - capital gains tax
front-loaded
cross-footing
loan
the three items that may have to be subracted from the gross return figure when calculating net return
26. The lowest number in a group of data
net capitalized cost
conventional mortgage
overtime
minimum
27. When two ratios are equal
bottom line figures
the three items that may have to be subracted from the gross return figure when calculating net return
proportion
fractions
28. Amount of money coming in and going out of your business monthly
cash flow
compounded sem-annually
investment
special discounts
29. Something that is expected to return a profit
break even point
risk
weighted average
investment
30. Interest is paid twelve times a year
p.a.
maximum
compounded monthly
loan
31. A portion of the population being studied
liabilities
trade discount
sample
per diem
32. An item of data that has a different value at different times
amortization schedule
variable
sales commission
high-ratio mortgage
33. Interest is paid 365 times a year
variable
compounded daily
mortgage
collateral
34. Costs that remain constant
median
fixed costs
mortgagee
conventional mortgage
35. used when the each piece of data has more than one component
price earnings ratios
chain discounts
high risk investment
weighted average
36. Interest is paid four times a year
invoice
compounded annually
compounded quarterly
chain discounts
37. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
foreclosure
medium risk investment
mean
38. The first number
capital cost allowance
cash discounts
multiplicand
net capitalized cost
39. The info collected from a survey and the figures generated through statistical analysis
ratio
the two types of interest
complete enumeration survey
data
40. Money earned on an investment or paid on a loan
dividend
compounded annually
interest
variable
41. A loan
mortgage
bonds
preference shares
dividend
42. The lender
investment
lessee
mortgagee
fixed costs
43. The unexpected variablility of returns
proportion
risk
extention
variable
44. A percentage discount to customers
the three items that may have to be subracted from the gross return figure when calculating net return
the two types of interest
special discounts
sales commission
45. Non-payment
minimum
compounded annually
maximum
default
46. The most frequently occuring value in a group of data
common shares
the two types of interest
mode
variable
47. Provide a specific dividend that is paid before any dividends are paid to common stock holders
preference shares
the three items that may have to be subracted from the gross return figure when calculating net return
maximum
compounded interest
48. The score that falls in the middle
range
median
preference shares
liabilities
49. A rate that one currency can be exchanged for another
lease
collateral
foreign currency exchange
term
50. Interest is paid twice a year
foreign currency exchange
interest
compounded sem-annually
multi modal