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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
default
foreclosure
lessor
the four helpful calculating tools
2. A rate that one currency can be exchanged for another
foreign currency exchange
sales commission
interest
mortgagee
3. Property other than real estate (often called a chattel mortgage)
cash flow
per diem
personal property
the two types of interest
4. Simple and compound
the two types of interest
the three items that may have to be subracted from the gross return figure when calculating net return
balance sheet
per diem
5. Interest is paid once a year
compounded annually
high risk investment
percent
minimum
6. you may get a large return or get nothing
weighted average
high risk investment
break even point
trade discount
7. Per day
mortgagor
compounded quarterly
sales commission
per diem
8. Interest is paid twice a year
compounded sem-annually
divisor
bonds
trade discount
9. The lender
data
the two main types of shares
mortgagee
variable costs
10. Algebraic - arithmetic
income statement
data
the two methods calculators use to process information
multiplicand
11. Paid in full
the two main types of shares
retired or amortized
capital cost allowance
lessor
12. The amount the property is worth at the end of the lease
personal property
mean
cash discounts
residual value
13. The borrower
medium risk investment
invoice
mortgagor
fractions
14. A contract giving someone the right to use something for a certain length of time
the two types of interest
maximum
multiplicand
lease
15. The owner of the property
front-loaded
p.a.
dividend
lessor
16. A comparison of two numbers
variable costs
minimum
ratio
chain discounts
17. The number you are multipliying by
multiplier
weighted average
risk
compounded interest
18. of one hundred
the four helpful calculating tools
percent
range
compounded annually
19. A decimal figure when x by 2400 gives an approximate annual interest rate
money factor
the two main types of shares
range
bonds
20. Commission fee - inflation rate - capital gains tax
extention
the three items that may have to be subracted from the gross return figure when calculating net return
the four helpful calculating tools
cross-footing
21. A loan
the two main types of shares
multiplier
mortgage
term
22. The depreciation of an asset as an expense
p.a.
extention
capital cost allowance
high risk investment
23. electronic - portable (pocket) - computer - spreadsheets
percent
per diem
variable
the four helpful calculating tools
24. Interest is paid four times a year
break even point
compounded quarterly
special discounts
p.a.
25. A number calculated from sample data
statistic
term
cash discounts
high risk investment
26. The unexpected variablility of returns
percent
residual value
risk
lease
27. Something that is expected to return a profit
investment
price earnings ratios
multi modal
minimum
28. The money paid to an employee based on a percentage of their sales
extention
multi modal
sales commission
amortization schedule
29. The length of the loan
collateral
term
weighted average
fixed costs
30. The most frequently occuring value in a group of data
trade discount
mode
collateral
divisor
31. Where info is collected for every unit of the population
p.a.
complete enumeration survey
cash discounts
dividend
32. A complete set of individuals - objects or scores being studied
extention
money factor
foreclosure
population
33. The point where income and expenses intersect (no loss or profit)
collateral
break even point
maximum
real property
34. The person paying to borrow property for a certain amount of time for payments
sample
lessee
high-ratio mortgage
bonds
35. Provide a specific dividend that is paid before any dividends are paid to common stock holders
cash flow
per diem
preference shares
term
36. Deciding if its worth the risk
bottom line figures
sensitivity analysis
cash flow
statistic
37. Interest calculated on the principle
invoice
minimum
simple interest
special discounts
38. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
dividend
amortization schedule
variable costs
39. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
compounded monthly
medium risk investment
conventional mortgage
40. The process of repossessing and selling the real or personal property when the borrower has defaulted
income statement
mortgagee
foreclosure
percent
41. Amount of money coming in and going out of your business monthly
simple interest
ratio
cash flow
special discounts
42. used when the each piece of data has more than one component
compounded quarterly
weighted average
income statement
break even point
43. Per annum - yearly
cross-footing
investment
p.a.
compounded interest
44. When two ratios are equal
assets
proportion
common shares
extention
45. Shows the assets - liabilities and financial position of the company
balance sheet
cash discounts
compounded monthly
divisor
46. The difference between the highest and lowest numbers in a set of data
lessor
range
sales commission
fixed costs
47. The final figures
real property
bottom line figures
conventional mortgage
mortgagor
48. Investing in a well-established company
compounded quarterly
lessee
lease
medium risk investment
49. Number calculated from population data
sensitivity analysis
sales commission
compounded sem-annually
parameter
50. A bill
invoice
trade discount
capital cost allowance
net capitalized cost