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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. Non-payment
minimum
default
dividend
amortization schedule
2. The money paid to an employee based on a percentage of their sales
sales commission
proportion
retired or amortized
lessor
3. The total of units multiplied by the price
interest
foreclosure
extention
default
4. Per annum - yearly
collateral
amortization period
p.a.
real property
5. The lender
multiplicand
mortgagee
residual value
special discounts
6. Interest is paid four times a year
compounded quarterly
interest
multi modal
residual value
7. The amount the property is worth at the end of the lease
lessor
overtime
percent
residual value
8. 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
lessor
mortgagor
proportion
9. A loan
proportion
dividend
mortgagor
mortgage
10. Investing in a well-established company
real property
medium risk investment
the three items that may have to be subracted from the gross return figure when calculating net return
weighted average
11. Costs that fluctuate
variable costs
overtime
special discounts
low risk investment
12. Security for a loan
collateral
per diem
medium risk investment
cash discounts
13. The process of repossessing and selling the real or personal property when the borrower has defaulted
personal property
front-loaded
parameter
foreclosure
14. Adding columns of figures horizontally and vertically to check that the totals agree
net capitalized cost
extention
cross-footing
conventional mortgage
15. Property other than real estate (often called a chattel mortgage)
personal property
the two main types of shares
ratio
the four helpful calculating tools
16. of one hundred
weighted average
sensitivity analysis
percent
sample
17. Interest calculated on the principal plus any accumulated interest
shares
special discounts
compounded interest
fractions
18. Number calculated from population data
extention
bottom line figures
multiplicand
parameter
19. Part ownership in a company
high-ratio mortgage
collateral
shares
mean
20. A rate that one currency can be exchanged for another
parameter
the two main types of shares
mortgagee
foreign currency exchange
21. The number you are dividing by
maximum
simple interest
residual value
divisor
22. Paid in full
net capitalized cost
multiplier
retired or amortized
fixed costs
23. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
statistic
foreclosure
capital cost allowance
24. Amounts of money you owe
term
liabilities
mortgagor
multiplicand
25. The length of time until the debt is zero
statistic
simple interest
amortization period
high-ratio mortgage
26. Things you own
assets
preference shares
lessee
range
27. Preference and common
the two main types of shares
bonds
investment
dividend
28. Shows the money coming in and expenses for a certain period of time.
income statement
compounded sem-annually
low risk investment
range
29. Interest calculated on the principle
simple interest
retired or amortized
sensitivity analysis
term
30. A comparison of two numbers
ratio
balance sheet
simple interest
mortgagor
31. The length of the loan
compounded sem-annually
sales commission
term
investment
32. A series of discounts
range
personal property
investment
chain discounts
33. Money given to someone on condition the person will return the money and interest by a specific date
multiplicand
invoice
retired or amortized
loan
34. The number to be divided by
dividend
fractions
constant
weighted average
35. An item of data that has a different value at different times
population
balance sheet
variable
front-loaded
36. Costs that remain constant
the two methods calculators use to process information
fixed costs
amortization schedule
maximum
37. Algebraic - arithmetic
the two methods calculators use to process information
invoice
data
lessor
38. you may get a large return or get nothing
the two methods calculators use to process information
amortization schedule
low risk investment
high risk investment
39. The most frequently occuring value in a group of data
sales commission
shares
mode
real property
40. The info collected from a survey and the figures generated through statistical analysis
data
compounded monthly
fractions
the two methods calculators use to process information
41. A bill
the two types of interest
the two main types of shares
mortgage
invoice
42. The unexpected variablility of returns
retired or amortized
risk
the two methods calculators use to process information
lessee
43. The borrower
mortgagor
proportion
term
maximum
44. The highest number in a group of data
trade discount
median
maximum
cash discounts
45. Parts of a whole number
balance sheet
retired or amortized
fractions
constant
46. Amount of money coming in and going out of your business monthly
personal property
collateral
cash flow
shares
47. When two ratios are equal
proportion
divisor
money factor
break even point
48. Something that is expected to return a profit
overtime
amortization period
investment
residual value
49. Where info is collected for every unit of the population
complete enumeration survey
mortgagee
compounded quarterly
interest
50. (simple average) adding the group of items and dividing by the total number of items
multi modal
weighted average
mortgage
mean