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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. Shows the money coming in and expenses for a certain period of time.
p.a.
variable
loan
income statement
2. The interest amount is small - but you are guaranteed to get something
the two types of interest
personal property
low risk investment
weighted average
3. Investing in a well-established company
compounded monthly
medium risk investment
mortgagor
amortization schedule
4. The borrower
multi modal
simple interest
compounded monthly
mortgagor
5. The number you are dividing by
high risk investment
money factor
dividend
divisor
6. Adding columns of figures horizontally and vertically to check that the totals agree
dividend
collateral
compounded annually
cross-footing
7. Shows the assets - liabilities and financial position of the company
lessor
proportion
liabilities
balance sheet
8. The money paid to an employee based on a percentage of their sales
default
fractions
medium risk investment
sales commission
9. Property other than real estate (often called a chattel mortgage)
weighted average
personal property
dividend
compounded monthly
10. A comparison of two numbers
ratio
residual value
risk
price earnings ratios
11. Share of the profits of a company
dividend
chain discounts
proportion
compounded quarterly
12. More than one frequently occuring value in a group of data
mortgage
multi modal
assets
multiplier
13. When two ratios are equal
sales commission
minimum
dividend
proportion
14. Costs that fluctuate
mean
shares
variable costs
dividend
15. The most frequently occuring value in a group of data
mode
default
dividend
percent
16. Paid in full
multiplicand
lessor
foreign currency exchange
retired or amortized
17. Costs that remain constant
fixed costs
interest
percent
preference shares
18. A number calculated from sample data
statistic
fractions
ratio
the two main types of shares
19. Discounts offered to encourage customers to pay their bills on time
cash discounts
minimum
ratio
weighted average
20. The number you are multipliying by
amortization period
population
multiplier
multi modal
21. The point where income and expenses intersect (no loss or profit)
interest
the two types of interest
retired or amortized
break even point
22. you may get a large return or get nothing
cash discounts
collateral
high risk investment
real property
23. Non-payment
default
sales commission
percent
medium risk investment
24. The total of units multiplied by the price
extention
percent
cash flow
amortization schedule
25. Provide a specific dividend that is paid before any dividends are paid to common stock holders
percent
mean
preference shares
high risk investment
26. Where info is collected for every unit of the population
lease
compounded monthly
interest
complete enumeration survey
27. Deciding if its worth the risk
compounded daily
sensitivity analysis
fractions
interest
28. The highest number in a group of data
price earnings ratios
population
maximum
personal property
29. A contract giving someone the right to use something for a certain length of time
lease
multi modal
liabilities
trade discount
30. Interest is paid 365 times a year
multi modal
compounded daily
dividend
fractions
31. of one hundred
special discounts
medium risk investment
mortgage
percent
32. A decimal figure when x by 2400 gives an approximate annual interest rate
multiplier
compounded daily
trade discount
money factor
33. Parts of a whole number
fractions
compounded daily
net capitalized cost
proportion
34. The amount the property is worth at the end of the lease
compounded interest
bonds
mean
residual value
35. The majority of the early payments go toward paying the interest on the loan
median
front-loaded
lessee
cross-footing
36. Interest calculated on the principal plus any accumulated interest
overtime
compounded interest
conventional mortgage
default
37. A rate that one currency can be exchanged for another
foreign currency exchange
compounded interest
investment
sales commission
38. The lender
the three items that may have to be subracted from the gross return figure when calculating net return
amortization period
mortgagee
loan
39. Interest is paid once a year
compounded annually
statistic
conventional mortgage
overtime
40. Interest is paid four times a year
low risk investment
investment
compounded quarterly
trade discount
41. Time worked beyond the established working hours
per diem
complete enumeration survey
overtime
shares
42. Interest calculated on the principle
overtime
simple interest
p.a.
mode
43. The person paying to borrow property for a certain amount of time for payments
lessee
collateral
maximum
interest
44. The price after any down-payment or trade-in
break even point
net capitalized cost
weighted average
bottom line figures
45. The info collected from a survey and the figures generated through statistical analysis
median
data
parameter
population
46. loans to companies or goverments (no voting rights)
assets
default
bonds
invoice
47. electronic - portable (pocket) - computer - spreadsheets
personal property
ratio
the four helpful calculating tools
compounded interest
48. A percentage discount for buyers associated with the products being sold
constant
invoice
trade discount
the three items that may have to be subracted from the gross return figure when calculating net return
49. Interest is paid twelve times a year
bonds
the two types of interest
compounded monthly
personal property
50. Money earned on an investment or paid on a loan
maximum
sample
compounded daily
interest