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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 majority of the early payments go toward paying the interest on the loan
front-loaded
constant
parameter
common shares
2. The difference between the highest and lowest numbers in a set of data
foreign currency exchange
medium risk investment
range
population
3. of one hundred
complete enumeration survey
maximum
percent
compounded annually
4. Provide a specific dividend that is paid before any dividends are paid to common stock holders
bottom line figures
mortgagor
conventional mortgage
preference shares
5. Interest is paid 365 times a year
mortgagee
compounded daily
ratio
money factor
6. The price after any down-payment or trade-in
net capitalized cost
shares
balance sheet
sensitivity analysis
7. The most frequently occuring value in a group of data
p.a.
mode
mean
the three items that may have to be subracted from the gross return figure when calculating net return
8. Number calculated from population data
lease
parameter
sensitivity analysis
lessor
9. The depreciation of an asset as an expense
capital cost allowance
foreign currency exchange
conventional mortgage
multi modal
10. Interest is paid twice a year
maximum
sensitivity analysis
range
compounded sem-annually
11. Costs that remain constant
fixed costs
the two methods calculators use to process information
conventional mortgage
compounded annually
12. A percentage discount to customers
lessee
special discounts
cash flow
cash discounts
13. Interest calculated on the principal plus any accumulated interest
interest
parameter
compounded interest
residual value
14. The point where income and expenses intersect (no loss or profit)
invoice
constant
break even point
fractions
15. Per day
lessor
per diem
simple interest
high risk investment
16. Interest is paid twelve times a year
the four helpful calculating tools
compounded monthly
complete enumeration survey
the two methods calculators use to process information
17. The interest amount is small - but you are guaranteed to get something
interest
shares
dividend
low risk investment
18. electronic - portable (pocket) - computer - spreadsheets
the four helpful calculating tools
compounded interest
multi modal
parameter
19. you may get a large return or get nothing
overtime
mortgagor
real property
high risk investment
20. used when the each piece of data has more than one component
weighted average
liabilities
cross-footing
interest
21. The lowest number in a group of data
personal property
front-loaded
variable costs
minimum
22. A chart that shows the balance of the mortgage after each amortization period
lessor
percent
amortization schedule
term
23. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
price earnings ratios
chain discounts
lessor
24. Part ownership in a company
shares
personal property
assets
per diem
25. real estate (houses - condos - warehouses - factories - etc)
special discounts
high-ratio mortgage
real property
default
26. (simple average) adding the group of items and dividing by the total number of items
assets
mean
cross-footing
invoice
27. A decimal figure when x by 2400 gives an approximate annual interest rate
compounded monthly
special discounts
money factor
net capitalized cost
28. Paid dividends after the preference shares have been paid
mode
common shares
the two methods calculators use to process information
conventional mortgage
29. Interest is paid four times a year
per diem
amortization period
compounded quarterly
foreign currency exchange
30. Share of the profits of a company
investment
dividend
multiplier
the two main types of shares
31. The total of units multiplied by the price
proportion
divisor
the two types of interest
extention
32. Discounts offered to encourage customers to pay their bills on time
data
cash discounts
parameter
median
33. Amount of money coming in and going out of your business monthly
chain discounts
cash flow
mortgagor
amortization schedule
34. When two ratios are equal
liabilities
compounded monthly
proportion
maximum
35. Interest calculated on the principle
net capitalized cost
assets
sample
simple interest
36. More than one frequently occuring value in a group of data
multi modal
compounded sem-annually
trade discount
lessor
37. Commission fee - inflation rate - capital gains tax
compounded annually
complete enumeration survey
the three items that may have to be subracted from the gross return figure when calculating net return
residual value
38. The score that falls in the middle
mean
population
weighted average
median
39. Amounts of money you owe
population
proportion
liabilities
the three items that may have to be subracted from the gross return figure when calculating net return
40. A portion of the population being studied
compounded annually
sample
per diem
multiplier
41. A number calculated from sample data
statistic
fixed costs
common shares
loan
42. Time worked beyond the established working hours
liabilities
overtime
invoice
chain discounts
43. Algebraic - arithmetic
personal property
trade discount
the two methods calculators use to process information
low risk investment
44. Money earned on an investment or paid on a loan
percent
maximum
term
interest
45. A complete set of individuals - objects or scores being studied
population
cross-footing
shares
lessor
46. A loan
money factor
mortgage
break even point
proportion
47. Deciding if its worth the risk
sensitivity analysis
chain discounts
the two types of interest
complete enumeration survey
48. A comparison of two numbers
minimum
bottom line figures
ratio
medium risk investment
49. The money paid to an employee based on a percentage of their sales
sales commission
bonds
data
minimum
50. A bill
compounded annually
weighted average
invoice
percent