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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 complete set of individuals - objects or scores being studied
multiplicand
population
compounded daily
the two methods calculators use to process information
2. A percentage discount to customers
special discounts
parameter
proportion
variable
3. (simple average) adding the group of items and dividing by the total number of items
mean
cross-footing
mortgage
amortization period
4. The owner of the property
population
special discounts
lessor
maximum
5. The unexpected variablility of returns
risk
ratio
income statement
range
6. The amount of money borrowed is less than 75% of the purchase price
residual value
lease
the two methods calculators use to process information
conventional mortgage
7. Something that is expected to return a profit
investment
lease
foreclosure
mortgagee
8. Non-payment
default
balance sheet
amortization period
the two methods calculators use to process information
9. Share of the profits of a company
dividend
proportion
chain discounts
liabilities
10. Where info is collected for every unit of the population
mean
statistic
complete enumeration survey
minimum
11. Discounts offered to encourage customers to pay their bills on time
cash discounts
conventional mortgage
common shares
front-loaded
12. Money given to someone on condition the person will return the money and interest by a specific date
loan
multi modal
cash flow
foreign currency exchange
13. The majority of the early payments go toward paying the interest on the loan
common shares
front-loaded
lease
ratio
14. The interest amount is small - but you are guaranteed to get something
low risk investment
amortization schedule
cash discounts
simple interest
15. Parts of a whole number
mortgage
dividend
fractions
real property
16. The point where income and expenses intersect (no loss or profit)
break even point
per diem
invoice
lessor
17. Paid in full
retired or amortized
high-ratio mortgage
fractions
chain discounts
18. Time worked beyond the established working hours
parameter
ratio
overtime
compounded annually
19. The number you are dividing by
proportion
mode
compounded sem-annually
divisor
20. The borrower
cash discounts
loan
low risk investment
mortgagor
21. Commission fee - inflation rate - capital gains tax
the three items that may have to be subracted from the gross return figure when calculating net return
variable
fixed costs
bonds
22. Costs that fluctuate
compounded interest
term
variable costs
percent
23. Amounts of money you owe
capital cost allowance
median
liabilities
multiplicand
24. When two ratios are equal
data
multiplicand
the three items that may have to be subracted from the gross return figure when calculating net return
proportion
25. The info collected from a survey and the figures generated through statistical analysis
ratio
real property
multiplicand
data
26. A series of discounts
special discounts
weighted average
preference shares
chain discounts
27. you may get a large return or get nothing
parameter
invoice
variable costs
high risk investment
28. Algebraic - arithmetic
ratio
the two methods calculators use to process information
risk
foreign currency exchange
29. An item of data that has a different value at different times
compounded sem-annually
loan
variable
cash flow
30. The length of the loan
ratio
dividend
net capitalized cost
term
31. A portion of the population being studied
sample
compounded annually
conventional mortgage
sensitivity analysis
32. The lender
default
per diem
mortgagee
balance sheet
33. Per annum - yearly
compounded quarterly
foreign currency exchange
invoice
p.a.
34. A number calculated from sample data
amortization period
statistic
risk
compounded daily
35. The most frequently occuring value in a group of data
mode
residual value
variable costs
loan
36. loans to companies or goverments (no voting rights)
cash flow
sales commission
bonds
chain discounts
37. Deciding if its worth the risk
maximum
sensitivity analysis
chain discounts
parameter
38. Interest calculated on the principle
compounded sem-annually
simple interest
per diem
amortization period
39. electronic - portable (pocket) - computer - spreadsheets
the four helpful calculating tools
compounded annually
complete enumeration survey
default
40. The amount of money borrowed is between 75% - 95% of the purchase price
mortgagee
the two main types of shares
high-ratio mortgage
cash discounts
41. Shows the money coming in and expenses for a certain period of time.
compounded daily
collateral
income statement
per diem
42. A comparison of two numbers
sensitivity analysis
the two types of interest
compounded quarterly
ratio
43. of one hundred
break even point
preference shares
bottom line figures
percent
44. The person paying to borrow property for a certain amount of time for payments
lessor
lessee
proportion
balance sheet
45. The lowest number in a group of data
minimum
interest
variable costs
divisor
46. Preference and common
the two main types of shares
range
weighted average
price earnings ratios
47. used when the each piece of data has more than one component
weighted average
dividend
foreclosure
parameter
48. Interest is paid four times a year
minimum
compounded quarterly
percent
median
49. Security for a loan
mortgage
collateral
proportion
money factor
50. Money earned on an investment or paid on a loan
balance sheet
minimum
interest
cash discounts