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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. The highest number in a group of data
loan
maximum
shares
fractions
2. Number calculated from population data
parameter
population
sales commission
money factor
3. The price after any down-payment or trade-in
parameter
proportion
lessor
net capitalized cost
4. A percentage discount for buyers associated with the products being sold
trade discount
population
data
residual value
5. Interest is paid 365 times a year
compounded daily
liabilities
lessor
preference shares
6. Interest is paid twelve times a year
the four helpful calculating tools
weighted average
compounded monthly
amortization period
7. Adding columns of figures horizontally and vertically to check that the totals agree
mortgagor
term
cross-footing
cash discounts
8. Interest is paid once a year
lessee
compounded annually
the four helpful calculating tools
chain discounts
9. A rate that one currency can be exchanged for another
foreign currency exchange
per diem
bottom line figures
the three items that may have to be subracted from the gross return figure when calculating net return
10. The money paid to an employee based on a percentage of their sales
sales commission
amortization period
cash flow
common shares
11. A number calculated from sample data
compounded monthly
medium risk investment
liabilities
statistic
12. A percentage discount to customers
the two types of interest
dividend
special discounts
sample
13. The unexpected variablility of returns
risk
medium risk investment
interest
preference shares
14. Time worked beyond the established working hours
income statement
lessee
fractions
overtime
15. The person paying to borrow property for a certain amount of time for payments
compounded quarterly
lessee
mortgagor
compounded interest
16. Parts of a whole number
proportion
high risk investment
fractions
statistic
17. (simple average) adding the group of items and dividing by the total number of items
amortization period
the three items that may have to be subracted from the gross return figure when calculating net return
p.a.
mean
18. of one hundred
percent
lease
risk
cross-footing
19. The difference between the highest and lowest numbers in a set of data
fixed costs
range
cross-footing
mortgage
20. Things you own
medium risk investment
assets
bonds
special discounts
21. Costs that remain constant
weighted average
common shares
preference shares
fixed costs
22. A loan
mortgage
mortgagor
compounded daily
the three items that may have to be subracted from the gross return figure when calculating net return
23. A contract giving someone the right to use something for a certain length of time
sales commission
conventional mortgage
the four helpful calculating tools
lease
24. A complete set of individuals - objects or scores being studied
low risk investment
income statement
chain discounts
population
25. An item of data that has a different value at different times
variable
retired or amortized
interest
the four helpful calculating tools
26. electronic - portable (pocket) - computer - spreadsheets
constant
the four helpful calculating tools
data
amortization period
27. The info collected from a survey and the figures generated through statistical analysis
data
amortization schedule
lessee
multi modal
28. The score that falls in the middle
retired or amortized
risk
median
conventional mortgage
29. The number to be divided by
median
ratio
dividend
retired or amortized
30. The length of time until the debt is zero
amortization period
special discounts
compounded annually
the two types of interest
31. The amount of money borrowed is less than 75% of the purchase price
maximum
mortgagor
complete enumeration survey
conventional mortgage
32. A decimal figure when x by 2400 gives an approximate annual interest rate
the four helpful calculating tools
lease
net capitalized cost
money factor
33. used when the each piece of data has more than one component
front-loaded
weighted average
mortgagee
foreign currency exchange
34. The length of the loan
shares
lessor
data
term
35. Paid dividends after the preference shares have been paid
dividend
amortization schedule
common shares
interest
36. More than one frequently occuring value in a group of data
multi modal
proportion
bonds
the three items that may have to be subracted from the gross return figure when calculating net return
37. The majority of the early payments go toward paying the interest on the loan
lessor
price earnings ratios
front-loaded
the four helpful calculating tools
38. A bill
extention
percent
multi modal
invoice
39. The number you are multipliying by
front-loaded
p.a.
multiplier
lease
40. The lender
mortgagee
percent
compounded monthly
lease
41. Interest is paid four times a year
compounded quarterly
extention
mortgage
dividend
42. Amounts of money you owe
liabilities
minimum
compounded daily
the two types of interest
43. The number you are dividing by
divisor
default
multiplier
data
44. The most frequently occuring value in a group of data
default
the two types of interest
multi modal
mode
45. Discounts offered to encourage customers to pay their bills on time
bottom line figures
cash discounts
real property
p.a.
46. Provide a specific dividend that is paid before any dividends are paid to common stock holders
preference shares
the four helpful calculating tools
conventional mortgage
net capitalized cost
47. Where info is collected for every unit of the population
shares
special discounts
complete enumeration survey
population
48. Property other than real estate (often called a chattel mortgage)
personal property
compounded sem-annually
foreclosure
sample
49. When two ratios are equal
common shares
break even point
multiplicand
proportion
50. The amount of money borrowed is between 75% - 95% of the purchase price
ratio
high-ratio mortgage
term
mortgage