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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. used when the each piece of data has more than one component
mortgagor
conventional mortgage
weighted average
minimum
2. Number calculated from population data
parameter
extention
compounded daily
high risk investment
3. Where info is collected for every unit of the population
complete enumeration survey
residual value
multiplier
liabilities
4. The most frequently occuring value in a group of data
assets
sensitivity analysis
mode
cross-footing
5. The money paid to an employee based on a percentage of their sales
special discounts
capital cost allowance
sales commission
high risk investment
6. Costs that remain constant
population
lease
fixed costs
term
7. Per annum - yearly
balance sheet
sample
p.a.
the four helpful calculating tools
8. Costs that fluctuate
fixed costs
chain discounts
variable costs
collateral
9. Money given to someone on condition the person will return the money and interest by a specific date
loan
dividend
price earnings ratios
income statement
10. you may get a large return or get nothing
complete enumeration survey
mean
high risk investment
divisor
11. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
money factor
collateral
compounded monthly
12. The point where income and expenses intersect (no loss or profit)
multi modal
break even point
invoice
personal property
13. (simple average) adding the group of items and dividing by the total number of items
amortization schedule
mean
percent
sensitivity analysis
14. A number calculated from sample data
the two types of interest
statistic
front-loaded
overtime
15. Investing in a well-established company
parameter
medium risk investment
amortization schedule
assets
16. A loan
simple interest
sensitivity analysis
multiplicand
mortgage
17. The price after any down-payment or trade-in
complete enumeration survey
range
money factor
net capitalized cost
18. The lender
compounded daily
mortgagee
cash flow
liabilities
19. A percentage discount for buyers associated with the products being sold
trade discount
percent
lessee
bottom line figures
20. Simple and compound
front-loaded
the two types of interest
fixed costs
multiplier
21. Deciding if its worth the risk
ratio
medium risk investment
simple interest
sensitivity analysis
22. An item of data that has a different value at different times
parameter
mode
default
variable
23. Interest is paid 365 times a year
compounded daily
sensitivity analysis
extention
medium risk investment
24. Security for a loan
investment
overtime
collateral
capital cost allowance
25. Non-payment
complete enumeration survey
default
medium risk investment
term
26. Interest is paid once a year
the three items that may have to be subracted from the gross return figure when calculating net return
complete enumeration survey
compounded annually
default
27. The number you are dividing by
divisor
retired or amortized
price earnings ratios
variable costs
28. Provide a specific dividend that is paid before any dividends are paid to common stock holders
preference shares
the two main types of shares
data
liabilities
29. Interest is paid twice a year
lessee
high risk investment
high-ratio mortgage
compounded sem-annually
30. Interest is paid twelve times a year
residual value
fractions
preference shares
compounded monthly
31. More than one frequently occuring value in a group of data
multi modal
sales commission
amortization schedule
population
32. The unexpected variablility of returns
invoice
risk
ratio
sales commission
33. The total of units multiplied by the price
extention
real property
sales commission
net capitalized cost
34. Money earned on an investment or paid on a loan
cash flow
cross-footing
interest
risk
35. The length of the loan
term
preference shares
foreclosure
break even point
36. 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
high risk investment
bottom line figures
constant
37. The amount the property is worth at the end of the lease
price earnings ratios
residual value
the four helpful calculating tools
statistic
38. Time worked beyond the established working hours
preference shares
mean
high-ratio mortgage
overtime
39. Share of the profits of a company
parameter
dividend
mortgagee
amortization period
40. Part ownership in a company
risk
real property
shares
conventional mortgage
41. Shows the money coming in and expenses for a certain period of time.
variable costs
income statement
dividend
weighted average
42. A series of discounts
the three items that may have to be subracted from the gross return figure when calculating net return
mortgagor
conventional mortgage
chain discounts
43. Paid dividends after the preference shares have been paid
common shares
compounded interest
mortgagee
compounded annually
44. A decimal figure when x by 2400 gives an approximate annual interest rate
assets
compounded interest
money factor
sales commission
45. loans to companies or goverments (no voting rights)
bonds
risk
medium risk investment
dividend
46. The amount of money borrowed is between 75% - 95% of the purchase price
median
sample
high-ratio mortgage
personal property
47. The highest number in a group of data
per diem
maximum
sales commission
trade discount
48. The difference between the highest and lowest numbers in a set of data
trade discount
per diem
compounded sem-annually
range
49. An item of data the stays the same
residual value
proportion
constant
personal property
50. A percentage discount to customers
money factor
real property
special discounts
the two methods calculators use to process information