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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. real estate (houses - condos - warehouses - factories - etc)
real property
investment
median
amortization period
2. The score that falls in the middle
median
the three items that may have to be subracted from the gross return figure when calculating net return
term
interest
3. Share of the profits of a company
balance sheet
amortization period
dividend
loan
4. Preference and common
foreclosure
compounded quarterly
the two main types of shares
cross-footing
5. A decimal figure when x by 2400 gives an approximate annual interest rate
multiplicand
foreclosure
money factor
multi modal
6. Costs that fluctuate
assets
statistic
income statement
variable costs
7. The highest number in a group of data
special discounts
mortgage
maximum
multiplicand
8. Part ownership in a company
shares
default
conventional mortgage
break even point
9. of one hundred
percent
the four helpful calculating tools
residual value
assets
10. The first number
variable costs
multiplicand
fixed costs
foreclosure
11. Paid dividends after the preference shares have been paid
risk
loan
common shares
compounded monthly
12. Time worked beyond the established working hours
bottom line figures
overtime
mortgage
default
13. The length of the loan
amortization period
fractions
amortization schedule
term
14. A series of discounts
the two types of interest
conventional mortgage
chain discounts
foreclosure
15. Number calculated from population data
parameter
personal property
median
dividend
16. Property other than real estate (often called a chattel mortgage)
personal property
the two methods calculators use to process information
mean
high risk investment
17. (simple average) adding the group of items and dividing by the total number of items
interest
percent
mean
cross-footing
18. Money given to someone on condition the person will return the money and interest by a specific date
personal property
p.a.
divisor
loan
19. The total of units multiplied by the price
compounded sem-annually
variable
personal property
extention
20. A contract giving someone the right to use something for a certain length of time
lease
conventional mortgage
foreclosure
net capitalized cost
21. Interest is paid 365 times a year
low risk investment
collateral
compounded daily
price earnings ratios
22. Money earned on an investment or paid on a loan
residual value
interest
range
multiplicand
23. The amount of money borrowed is less than 75% of the purchase price
trade discount
foreclosure
conventional mortgage
lessee
24. An item of data the stays the same
constant
balance sheet
dividend
high-ratio mortgage
25. The number you are dividing by
extention
divisor
the two methods calculators use to process information
lessee
26. A rate that one currency can be exchanged for another
sales commission
foreign currency exchange
interest
amortization schedule
27. Amount of money coming in and going out of your business monthly
cash flow
investment
shares
mortgagor
28. Interest calculated on the principal plus any accumulated interest
compounded interest
mode
amortization period
term
29. Amounts of money you owe
compounded annually
bottom line figures
maximum
liabilities
30. The interest amount is small - but you are guaranteed to get something
price earnings ratios
low risk investment
per diem
divisor
31. you may get a large return or get nothing
overtime
lessor
conventional mortgage
high risk investment
32. The person paying to borrow property for a certain amount of time for payments
investment
maximum
cross-footing
lessee
33. The final figures
conventional mortgage
the four helpful calculating tools
bottom line figures
residual value
34. A comparison of two numbers
term
price earnings ratios
ratio
sales commission
35. A percentage discount for buyers associated with the products being sold
conventional mortgage
trade discount
amortization schedule
interest
36. The price after any down-payment or trade-in
net capitalized cost
maximum
compounded sem-annually
weighted average
37. loans to companies or goverments (no voting rights)
the two types of interest
lessor
bonds
foreclosure
38. Shows the assets - liabilities and financial position of the company
balance sheet
variable
compounded annually
capital cost allowance
39. Shows the money coming in and expenses for a certain period of time.
proportion
income statement
the four helpful calculating tools
p.a.
40. A chart that shows the balance of the mortgage after each amortization period
proportion
amortization schedule
mortgagee
front-loaded
41. The majority of the early payments go toward paying the interest on the loan
front-loaded
common shares
percent
conventional mortgage
42. When two ratios are equal
compounded monthly
proportion
compounded daily
retired or amortized
43. A bill
high risk investment
high-ratio mortgage
invoice
compounded monthly
44. Where info is collected for every unit of the population
dividend
complete enumeration survey
maximum
real property
45. Paid in full
retired or amortized
data
default
population
46. Discounts offered to encourage customers to pay their bills on time
compounded sem-annually
mortgage
foreign currency exchange
cash discounts
47. Deciding if its worth the risk
sensitivity analysis
term
compounded sem-annually
minimum
48. A loan
the two methods calculators use to process information
preference shares
net capitalized cost
mortgage
49. Interest is paid twelve times a year
per diem
median
chain discounts
compounded monthly
50. Per annum - yearly
p.a.
variable
compounded sem-annually
personal property