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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 series of discounts
chain discounts
maximum
data
amortization schedule
2. The first number
balance sheet
multiplicand
trade discount
collateral
3. Number calculated from population data
interest
parameter
proportion
special discounts
4. of one hundred
mortgagor
percent
front-loaded
the two types of interest
5. Preference and common
high-ratio mortgage
the two main types of shares
p.a.
conventional mortgage
6. Property other than real estate (often called a chattel mortgage)
fixed costs
compounded quarterly
personal property
foreclosure
7. The difference between the highest and lowest numbers in a set of data
amortization period
interest
range
personal property
8. The number you are multipliying by
personal property
overtime
multiplier
compounded annually
9. Interest is paid twice a year
dividend
dividend
investment
compounded sem-annually
10. The process of repossessing and selling the real or personal property when the borrower has defaulted
foreclosure
variable costs
chain discounts
parameter
11. An item of data that has a different value at different times
variable
medium risk investment
balance sheet
range
12. The final figures
mean
mortgage
mode
bottom line figures
13. Paid dividends after the preference shares have been paid
front-loaded
simple interest
common shares
weighted average
14. Paid in full
retired or amortized
divisor
complete enumeration survey
invoice
15. An item of data the stays the same
capital cost allowance
income statement
constant
foreign currency exchange
16. Investing in a well-established company
medium risk investment
sales commission
front-loaded
collateral
17. The total of units multiplied by the price
high-ratio mortgage
per diem
weighted average
extention
18. Commission fee - inflation rate - capital gains tax
retired or amortized
the three items that may have to be subracted from the gross return figure when calculating net return
compounded interest
amortization period
19. Where info is collected for every unit of the population
complete enumeration survey
compounded annually
fixed costs
front-loaded
20. Security for a loan
cross-footing
collateral
multiplier
net capitalized cost
21. Part ownership in a company
shares
foreclosure
the two main types of shares
conventional mortgage
22. More than one frequently occuring value in a group of data
the two methods calculators use to process information
income statement
high-ratio mortgage
multi modal
23. Shows the assets - liabilities and financial position of the company
fractions
balance sheet
lessee
per diem
24. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
loan
collateral
sensitivity analysis
25. Deciding if its worth the risk
sensitivity analysis
per diem
median
liabilities
26. The score that falls in the middle
fractions
mode
bonds
median
27. Money earned on an investment or paid on a loan
weighted average
shares
interest
the three items that may have to be subracted from the gross return figure when calculating net return
28. Interest is paid 365 times a year
compounded daily
residual value
shares
income statement
29. The borrower
term
net capitalized cost
mortgagor
compounded sem-annually
30. A percentage discount to customers
conventional mortgage
cash discounts
variable costs
special discounts
31. The majority of the early payments go toward paying the interest on the loan
risk
collateral
front-loaded
the two main types of shares
32. Per annum - yearly
compounded monthly
interest
p.a.
minimum
33. Interest calculated on the principal plus any accumulated interest
range
the two main types of shares
compounded interest
compounded monthly
34. The point where income and expenses intersect (no loss or profit)
divisor
price earnings ratios
break even point
statistic
35. loans to companies or goverments (no voting rights)
capital cost allowance
bonds
high risk investment
maximum
36. The length of time until the debt is zero
amortization period
compounded interest
median
per diem
37. Time worked beyond the established working hours
overtime
range
special discounts
residual value
38. A loan
mortgage
retired or amortized
maximum
multiplicand
39. Costs that remain constant
compounded annually
collateral
fixed costs
the two types of interest
40. Amounts of money you owe
the four helpful calculating tools
interest
liabilities
cross-footing
41. The person paying to borrow property for a certain amount of time for payments
lessee
conventional mortgage
mortgagee
p.a.
42. The amount the property is worth at the end of the lease
foreign currency exchange
weighted average
residual value
medium risk investment
43. A comparison of two numbers
ratio
cross-footing
compounded daily
dividend
44. A bill
invoice
personal property
retired or amortized
weighted average
45. The lender
bottom line figures
low risk investment
mortgagee
sample
46. The money paid to an employee based on a percentage of their sales
default
sales commission
minimum
preference shares
47. A number calculated from sample data
conventional mortgage
statistic
parameter
the two types of interest
48. The amount of money borrowed is less than 75% of the purchase price
mode
overtime
conventional mortgage
residual value
49. Non-payment
dividend
default
sample
dividend
50. The depreciation of an asset as an expense
simple interest
cash flow
statistic
capital cost allowance