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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. A number calculated from sample data
statistic
break even point
foreclosure
dividend
2. The number you are multipliying by
special discounts
multiplier
sales commission
mortgagee
3. used when the each piece of data has more than one component
simple interest
weighted average
complete enumeration survey
risk
4. The lowest number in a group of data
minimum
high-ratio mortgage
per diem
dividend
5. Deciding if its worth the risk
complete enumeration survey
fixed costs
common shares
sensitivity analysis
6. The lender
fractions
mortgagee
liabilities
fixed costs
7. A decimal figure when x by 2400 gives an approximate annual interest rate
assets
money factor
multiplier
conventional mortgage
8. Part ownership in a company
shares
bottom line figures
maximum
risk
9. The number to be divided by
dividend
minimum
compounded daily
mean
10. Indicators of the confidence investors have in a company (the higher the better)
statistic
capital cost allowance
high-ratio mortgage
price earnings ratios
11. An item of data the stays the same
lease
constant
variable costs
the four helpful calculating tools
12. The majority of the early payments go toward paying the interest on the loan
amortization period
front-loaded
break even point
risk
13. electronic - portable (pocket) - computer - spreadsheets
assets
the four helpful calculating tools
constant
capital cost allowance
14. The owner of the property
lessee
bottom line figures
shares
lessor
15. Money given to someone on condition the person will return the money and interest by a specific date
the four helpful calculating tools
the two main types of shares
loan
investment
16. An item of data that has a different value at different times
weighted average
front-loaded
variable
shares
17. Non-payment
income statement
default
chain discounts
invoice
18. The most frequently occuring value in a group of data
mode
collateral
special discounts
mortgage
19. Shows the assets - liabilities and financial position of the company
mean
shares
cash flow
balance sheet
20. Discounts offered to encourage customers to pay their bills on time
balance sheet
cash discounts
compounded quarterly
investment
21. Something that is expected to return a profit
mean
amortization schedule
interest
investment
22. Where info is collected for every unit of the population
lease
lessor
constant
complete enumeration survey
23. Algebraic - arithmetic
population
the two methods calculators use to process information
income statement
amortization period
24. Amounts of money you owe
risk
cash flow
high-ratio mortgage
liabilities
25. The amount of money borrowed is between 75% - 95% of the purchase price
default
high-ratio mortgage
loan
liabilities
26. Parts of a whole number
per diem
statistic
fractions
shares
27. The price after any down-payment or trade-in
the two methods calculators use to process information
net capitalized cost
statistic
personal property
28. The depreciation of an asset as an expense
loan
capital cost allowance
price earnings ratios
the two main types of shares
29. (simple average) adding the group of items and dividing by the total number of items
mean
term
lessor
risk
30. The length of the loan
compounded annually
term
invoice
maximum
31. The number you are dividing by
high-ratio mortgage
compounded daily
compounded interest
divisor
32. More than one frequently occuring value in a group of data
data
multi modal
lessor
liabilities
33. Interest is paid four times a year
compounded quarterly
real property
per diem
the two main types of shares
34. Per day
per diem
invoice
the three items that may have to be subracted from the gross return figure when calculating net return
amortization schedule
35. loans to companies or goverments (no voting rights)
residual value
loan
special discounts
bonds
36. Interest is paid once a year
simple interest
compounded annually
bottom line figures
retired or amortized
37. The first number
special discounts
balance sheet
amortization period
multiplicand
38. A chart that shows the balance of the mortgage after each amortization period
income statement
amortization schedule
mortgage
constant
39. Simple and compound
dividend
chain discounts
the two types of interest
cross-footing
40. Costs that remain constant
fixed costs
special discounts
constant
mortgagee
41. The score that falls in the middle
balance sheet
chain discounts
median
ratio
42. Time worked beyond the established working hours
the two main types of shares
fixed costs
mortgagee
overtime
43. Provide a specific dividend that is paid before any dividends are paid to common stock holders
conventional mortgage
preference shares
money factor
balance sheet
44. Shows the money coming in and expenses for a certain period of time.
percent
bonds
investment
income statement
45. The amount of money borrowed is less than 75% of the purchase price
conventional mortgage
lessee
cash discounts
collateral
46. real estate (houses - condos - warehouses - factories - etc)
ratio
real property
term
multi modal
47. Investing in a well-established company
medium risk investment
range
term
minimum
48. The info collected from a survey and the figures generated through statistical analysis
data
compounded monthly
common shares
the three items that may have to be subracted from the gross return figure when calculating net return
49. Preference and common
trade discount
dividend
the three items that may have to be subracted from the gross return figure when calculating net return
the two main types of shares
50. Adding columns of figures horizontally and vertically to check that the totals agree
median
p.a.
cross-footing
population