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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 between 75% - 95% of the purchase price
foreign currency exchange
price earnings ratios
fixed costs
high-ratio mortgage
2. The point where income and expenses intersect (no loss or profit)
trade discount
residual value
price earnings ratios
break even point
3. used when the each piece of data has more than one component
weighted average
income statement
population
money factor
4. A percentage discount for buyers associated with the products being sold
trade discount
compounded interest
overtime
proportion
5. Costs that fluctuate
income statement
constant
variable costs
assets
6. Number calculated from population data
foreclosure
default
constant
parameter
7. Investing in a well-established company
medium risk investment
data
cash flow
constant
8. The owner of the property
term
amortization schedule
lessor
compounded sem-annually
9. Amounts of money you owe
foreign currency exchange
mortgage
liabilities
statistic
10. The first number
lessor
assets
multiplicand
high-ratio mortgage
11. Interest is paid twice a year
compounded sem-annually
dividend
maximum
dividend
12. Adding columns of figures horizontally and vertically to check that the totals agree
loan
cross-footing
per diem
fractions
13. The info collected from a survey and the figures generated through statistical analysis
data
maximum
retired or amortized
special discounts
14. Provide a specific dividend that is paid before any dividends are paid to common stock holders
the two main types of shares
preference shares
high-ratio mortgage
trade discount
15. The money paid to an employee based on a percentage of their sales
sales commission
liabilities
foreclosure
compounded daily
16. Algebraic - arithmetic
high-ratio mortgage
the two methods calculators use to process information
divisor
interest
17. The interest amount is small - but you are guaranteed to get something
weighted average
mortgagee
low risk investment
p.a.
18. Interest calculated on the principal plus any accumulated interest
money factor
data
default
compounded interest
19. The highest number in a group of data
maximum
money factor
variable
cash flow
20. The number you are multipliying by
constant
p.a.
shares
multiplier
21. The depreciation of an asset as an expense
capital cost allowance
compounded interest
dividend
net capitalized cost
22. Costs that remain constant
complete enumeration survey
cash flow
fixed costs
weighted average
23. Things you own
mortgagor
assets
compounded sem-annually
bottom line figures
24. The amount of money borrowed is less than 75% of the purchase price
investment
multiplier
conventional mortgage
lessor
25. Part ownership in a company
minimum
shares
complete enumeration survey
cross-footing
26. The total of units multiplied by the price
sample
cash discounts
extention
variable
27. A number calculated from sample data
lease
fractions
maximum
statistic
28. When two ratios are equal
maximum
proportion
compounded interest
mode
29. Paid in full
front-loaded
conventional mortgage
retired or amortized
compounded sem-annually
30. of one hundred
percent
fractions
mortgage
parameter
31. Something that is expected to return a profit
compounded monthly
fractions
mean
investment
32. More than one frequently occuring value in a group of data
sample
multi modal
the four helpful calculating tools
residual value
33. The score that falls in the middle
median
overtime
data
lease
34. real estate (houses - condos - warehouses - factories - etc)
compounded interest
real property
lease
price earnings ratios
35. The length of the loan
term
trade discount
invoice
percent
36. The majority of the early payments go toward paying the interest on the loan
foreclosure
front-loaded
sales commission
bottom line figures
37. Interest is paid 365 times a year
compounded daily
range
risk
dividend
38. Interest is paid four times a year
foreclosure
income statement
capital cost allowance
compounded quarterly
39. Paid dividends after the preference shares have been paid
retired or amortized
term
common shares
special discounts
40. The lender
compounded quarterly
foreign currency exchange
the three items that may have to be subracted from the gross return figure when calculating net return
mortgagee
41. electronic - portable (pocket) - computer - spreadsheets
percent
cash flow
minimum
the four helpful calculating tools
42. A series of discounts
compounded sem-annually
fractions
bottom line figures
chain discounts
43. loans to companies or goverments (no voting rights)
percent
extention
bonds
dividend
44. Per day
the four helpful calculating tools
per diem
money factor
the three items that may have to be subracted from the gross return figure when calculating net return
45. A percentage discount to customers
constant
special discounts
trade discount
maximum
46. Money earned on an investment or paid on a loan
the two methods calculators use to process information
interest
preference shares
mortgage
47. A complete set of individuals - objects or scores being studied
population
mean
interest
sensitivity analysis
48. Per annum - yearly
p.a.
real property
multiplier
trade discount
49. A contract giving someone the right to use something for a certain length of time
minimum
sample
lease
parameter
50. A rate that one currency can be exchanged for another
foreign currency exchange
range
medium risk investment
mean