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Test your basic knowledge |
DSST Business Math Vocab 2
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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 owner of the property
mortgagee
the two types of interest
lessor
residual value
2. The majority of the early payments go toward paying the interest on the loan
collateral
range
median
front-loaded
3. A percentage discount to customers
bottom line figures
break even point
simple interest
special discounts
4. of one hundred
complete enumeration survey
range
trade discount
percent
5. Security for a loan
compounded annually
collateral
cash flow
default
6. Simple and compound
cash discounts
the two types of interest
variable costs
default
7. Interest is paid twelve times a year
compounded monthly
data
simple interest
mortgagor
8. Discounts offered to encourage customers to pay their bills on time
minimum
term
cash discounts
retired or amortized
9. Commission fee - inflation rate - capital gains tax
real property
interest
the three items that may have to be subracted from the gross return figure when calculating net return
investment
10. loans to companies or goverments (no voting rights)
bonds
retired or amortized
risk
collateral
11. The final figures
bottom line figures
population
maximum
residual value
12. Shows the money coming in and expenses for a certain period of time.
simple interest
weighted average
income statement
cash flow
13. Share of the profits of a company
dividend
assets
investment
compounded daily
14. The number to be divided by
compounded daily
investment
minimum
dividend
15. The unexpected variablility of returns
income statement
risk
percent
lease
16. An item of data that has a different value at different times
default
mortgagee
the two main types of shares
variable
17. Part ownership in a company
cash flow
shares
simple interest
loan
18. When two ratios are equal
extention
proportion
compounded daily
capital cost allowance
19. A portion of the population being studied
chain discounts
extention
sales commission
sample
20. Shows the assets - liabilities and financial position of the company
balance sheet
foreclosure
statistic
residual value
21. The price after any down-payment or trade-in
amortization schedule
low risk investment
net capitalized cost
complete enumeration survey
22. Property other than real estate (often called a chattel mortgage)
front-loaded
personal property
complete enumeration survey
common shares
23. A rate that one currency can be exchanged for another
foreign currency exchange
interest
low risk investment
amortization period
24. An item of data the stays the same
mortgage
residual value
constant
the two main types of shares
25. A complete set of individuals - objects or scores being studied
mean
residual value
common shares
population
26. Costs that fluctuate
mean
minimum
variable costs
percent
27. The first number
chain discounts
multiplicand
capital cost allowance
sales commission
28. Money earned on an investment or paid on a loan
interest
assets
common shares
money factor
29. Amounts of money you owe
front-loaded
liabilities
variable
sensitivity analysis
30. The length of time until the debt is zero
balance sheet
sensitivity analysis
real property
amortization period
31. Interest is paid twice a year
simple interest
high-ratio mortgage
multiplier
compounded sem-annually
32. More than one frequently occuring value in a group of data
cross-footing
mode
multi modal
compounded monthly
33. The most frequently occuring value in a group of data
the two methods calculators use to process information
low risk investment
common shares
mode
34. The lowest number in a group of data
percent
extention
minimum
net capitalized cost
35. Non-payment
common shares
balance sheet
default
net capitalized cost
36. The difference between the highest and lowest numbers in a set of data
mean
foreclosure
mortgage
range
37. The person paying to borrow property for a certain amount of time for payments
high risk investment
lessee
p.a.
preference shares
38. The amount the property is worth at the end of the lease
multiplicand
proportion
residual value
retired or amortized
39. The number you are dividing by
residual value
conventional mortgage
multiplicand
divisor
40. The length of the loan
balance sheet
trade discount
collateral
term
41. you may get a large return or get nothing
high risk investment
the two main types of shares
minimum
term
42. electronic - portable (pocket) - computer - spreadsheets
the four helpful calculating tools
high-ratio mortgage
lessor
mean
43. A series of discounts
chain discounts
high-ratio mortgage
median
common shares
44. The score that falls in the middle
mean
lease
term
median
45. Preference and common
the two types of interest
the two main types of shares
population
multiplier
46. Time worked beyond the established working hours
overtime
median
per diem
mode
47. The info collected from a survey and the figures generated through statistical analysis
data
real property
invoice
risk
48. A loan
mortgage
capital cost allowance
the two main types of shares
price earnings ratios
49. A percentage discount for buyers associated with the products being sold
trade discount
common shares
lessee
bonds
50. The process of repossessing and selling the real or personal property when the borrower has defaulted
foreclosure
multiplier
variable costs
the two methods calculators use to process information
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