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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 length of time until the debt is zero
amortization period
cash flow
front-loaded
mortgage
2. The lowest number in a group of data
data
liabilities
minimum
lessee
3. Security for a loan
amortization period
trade discount
collateral
simple interest
4. A bill
special discounts
lessor
trade discount
invoice
5. The score that falls in the middle
the two methods calculators use to process information
median
assets
divisor
6. Property other than real estate (often called a chattel mortgage)
personal property
medium risk investment
mode
complete enumeration survey
7. The info collected from a survey and the figures generated through statistical analysis
data
the four helpful calculating tools
proportion
multiplier
8. A contract giving someone the right to use something for a certain length of time
lessor
lease
money factor
compounded monthly
9. Deciding if its worth the risk
sensitivity analysis
dividend
price earnings ratios
term
10. Investing in a well-established company
divisor
median
lessee
medium risk investment
11. The owner of the property
mean
population
lessor
interest
12. The first number
interest
multiplicand
range
variable costs
13. Part ownership in a company
median
lease
shares
mortgagor
14. A chart that shows the balance of the mortgage after each amortization period
shares
the two main types of shares
bottom line figures
amortization schedule
15. Share of the profits of a company
dividend
sample
complete enumeration survey
high risk investment
16. 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
the four helpful calculating tools
proportion
data
17. More than one frequently occuring value in a group of data
compounded monthly
mode
multi modal
conventional mortgage
18. Interest calculated on the principle
simple interest
break even point
invoice
mode
19. A comparison of two numbers
the three items that may have to be subracted from the gross return figure when calculating net return
residual value
ratio
special discounts
20. Costs that remain constant
p.a.
constant
fixed costs
term
21. Money earned on an investment or paid on a loan
mortgagor
interest
assets
high-ratio mortgage
22. The number to be divided by
investment
maximum
dividend
retired or amortized
23. The interest amount is small - but you are guaranteed to get something
dividend
low risk investment
cash discounts
simple interest
24. Per day
bottom line figures
compounded monthly
per diem
multiplicand
25. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
amortization period
variable
p.a.
26. The process of repossessing and selling the real or personal property when the borrower has defaulted
cash flow
multi modal
foreclosure
net capitalized cost
27. Interest is paid once a year
compounded annually
mortgagor
amortization schedule
high-ratio mortgage
28. A rate that one currency can be exchanged for another
amortization period
simple interest
population
foreign currency exchange
29. The highest number in a group of data
maximum
compounded monthly
compounded daily
the three items that may have to be subracted from the gross return figure when calculating net return
30. Things you own
high risk investment
assets
compounded annually
ratio
31. A decimal figure when x by 2400 gives an approximate annual interest rate
compounded quarterly
cash flow
money factor
lessor
32. The difference between the highest and lowest numbers in a set of data
medium risk investment
range
overtime
money factor
33. electronic - portable (pocket) - computer - spreadsheets
p.a.
residual value
the four helpful calculating tools
shares
34. The depreciation of an asset as an expense
capital cost allowance
real property
amortization schedule
personal property
35. The most frequently occuring value in a group of data
population
lease
mode
capital cost allowance
36. The length of the loan
weighted average
term
variable
interest
37. Number calculated from population data
the two main types of shares
compounded annually
compounded sem-annually
parameter
38. of one hundred
percent
statistic
common shares
retired or amortized
39. The final figures
high risk investment
mortgage
front-loaded
bottom line figures
40. Per annum - yearly
residual value
preference shares
p.a.
foreign currency exchange
41. Interest is paid four times a year
mean
liabilities
capital cost allowance
compounded quarterly
42. Paid dividends after the preference shares have been paid
common shares
lessee
collateral
mortgagee
43. The person paying to borrow property for a certain amount of time for payments
default
lessee
price earnings ratios
low risk investment
44. you may get a large return or get nothing
mortgagor
compounded interest
liabilities
high risk investment
45. The total of units multiplied by the price
extention
loan
multiplier
per diem
46. Preference and common
assets
dividend
the two main types of shares
risk
47. The number you are dividing by
the four helpful calculating tools
multiplier
divisor
statistic
48. The majority of the early payments go toward paying the interest on the loan
front-loaded
shares
preference shares
retired or amortized
49. used when the each piece of data has more than one component
weighted average
constant
collateral
amortization period
50. The lender
variable
income statement
maximum
mortgagee