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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. Security for a loan
compounded sem-annually
simple interest
collateral
risk
2. The point where income and expenses intersect (no loss or profit)
income statement
dividend
high-ratio mortgage
break even point
3. When two ratios are equal
residual value
proportion
conventional mortgage
mode
4. Commission fee - inflation rate - capital gains tax
p.a.
statistic
the three items that may have to be subracted from the gross return figure when calculating net return
parameter
5. Interest is paid four times a year
retired or amortized
multiplicand
high-ratio mortgage
compounded quarterly
6. A complete set of individuals - objects or scores being studied
liabilities
maximum
population
multiplicand
7. A decimal figure when x by 2400 gives an approximate annual interest rate
common shares
range
divisor
money factor
8. A contract giving someone the right to use something for a certain length of time
lease
population
front-loaded
common shares
9. The money paid to an employee based on a percentage of their sales
common shares
collateral
sales commission
low risk investment
10. The highest number in a group of data
balance sheet
maximum
money factor
compounded monthly
11. The lowest number in a group of data
minimum
lessee
multiplier
extention
12. Investing in a well-established company
medium risk investment
the four helpful calculating tools
fixed costs
fractions
13. Discounts offered to encourage customers to pay their bills on time
conventional mortgage
cash discounts
cash flow
the two types of interest
14. The price after any down-payment or trade-in
loan
the three items that may have to be subracted from the gross return figure when calculating net return
investment
net capitalized cost
15. The difference between the highest and lowest numbers in a set of data
front-loaded
percent
range
median
16. of one hundred
sensitivity analysis
conventional mortgage
percent
mode
17. An item of data the stays the same
price earnings ratios
balance sheet
the three items that may have to be subracted from the gross return figure when calculating net return
constant
18. The amount the property is worth at the end of the lease
residual value
amortization schedule
bottom line figures
weighted average
19. The info collected from a survey and the figures generated through statistical analysis
weighted average
data
median
foreclosure
20. The number you are multipliying by
break even point
bonds
multiplier
shares
21. The first number
the two methods calculators use to process information
variable costs
compounded annually
multiplicand
22. Interest is paid twice a year
complete enumeration survey
compounded sem-annually
bonds
trade discount
23. Simple and compound
collateral
overtime
the two types of interest
assets
24. The total of units multiplied by the price
minimum
multiplier
mortgagee
extention
25. The person paying to borrow property for a certain amount of time for payments
constant
high-ratio mortgage
median
lessee
26. The owner of the property
per diem
fixed costs
lessor
data
27. The majority of the early payments go toward paying the interest on the loan
mean
front-loaded
simple interest
multiplicand
28. An item of data that has a different value at different times
complete enumeration survey
mode
parameter
variable
29. Indicators of the confidence investors have in a company (the higher the better)
compounded monthly
weighted average
retired or amortized
price earnings ratios
30. A rate that one currency can be exchanged for another
per diem
variable
investment
foreign currency exchange
31. Interest calculated on the principal plus any accumulated interest
balance sheet
compounded monthly
compounded interest
cash flow
32. (simple average) adding the group of items and dividing by the total number of items
bottom line figures
mean
sample
simple interest
33. The length of time until the debt is zero
amortization period
net capitalized cost
shares
money factor
34. The number to be divided by
ratio
the two methods calculators use to process information
high-ratio mortgage
dividend
35. Per day
per diem
chain discounts
shares
retired or amortized
36. The lender
cross-footing
chain discounts
population
mortgagee
37. The most frequently occuring value in a group of data
the four helpful calculating tools
compounded daily
mode
default
38. Amount of money coming in and going out of your business monthly
conventional mortgage
break even point
amortization schedule
cash flow
39. Number calculated from population data
conventional mortgage
minimum
trade discount
parameter
40. The interest amount is small - but you are guaranteed to get something
compounded annually
low risk investment
cash discounts
price earnings ratios
41. The final figures
compounded daily
bottom line figures
low risk investment
mortgagee
42. Per annum - yearly
p.a.
high risk investment
bottom line figures
compounded monthly
43. Costs that fluctuate
sensitivity analysis
median
variable costs
sample
44. A percentage discount for buyers associated with the products being sold
trade discount
loan
sales commission
data
45. Where info is collected for every unit of the population
collateral
lessor
complete enumeration survey
residual value
46. Interest is paid twelve times a year
divisor
compounded monthly
compounded annually
compounded interest
47. Shows the money coming in and expenses for a certain period of time.
the two types of interest
income statement
parameter
trade discount
48. Paid in full
retired or amortized
special discounts
multi modal
investment
49. A portion of the population being studied
liabilities
sample
mortgagor
variable
50. electronic - portable (pocket) - computer - spreadsheets
term
break even point
foreign currency exchange
the four helpful calculating tools