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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.
chain discounts
income statement
balance sheet
the four helpful calculating tools
2. Costs that remain constant
the two main types of shares
dividend
fixed costs
balance sheet
3. An item of data the stays the same
trade discount
low risk investment
lessor
constant
4. The borrower
mortgagor
term
per diem
population
5. Shows the assets - liabilities and financial position of the company
range
balance sheet
variable
trade discount
6. The interest amount is small - but you are guaranteed to get something
compounded sem-annually
the two methods calculators use to process information
low risk investment
multi modal
7. Indicators of the confidence investors have in a company (the higher the better)
money factor
the two main types of shares
capital cost allowance
price earnings ratios
8. Amount of money coming in and going out of your business monthly
cash flow
bottom line figures
the two types of interest
dividend
9. More than one frequently occuring value in a group of data
proportion
variable
multiplicand
multi modal
10. A contract giving someone the right to use something for a certain length of time
special discounts
lease
foreclosure
variable costs
11. A number calculated from sample data
statistic
shares
variable
constant
12. The highest number in a group of data
multiplier
lessee
median
maximum
13. The process of repossessing and selling the real or personal property when the borrower has defaulted
statistic
chain discounts
foreclosure
front-loaded
14. The length of the loan
term
high-ratio mortgage
mean
the three items that may have to be subracted from the gross return figure when calculating net return
15. Provide a specific dividend that is paid before any dividends are paid to common stock holders
mortgagor
preference shares
investment
the four helpful calculating tools
16. A percentage discount for buyers associated with the products being sold
trade discount
weighted average
percent
residual value
17. The difference between the highest and lowest numbers in a set of data
mode
range
special discounts
dividend
18. The lender
variable costs
mortgagee
chain discounts
extention
19. Property other than real estate (often called a chattel mortgage)
personal property
proportion
preference shares
dividend
20. Adding columns of figures horizontally and vertically to check that the totals agree
per diem
cash discounts
dividend
cross-footing
21. Paid dividends after the preference shares have been paid
common shares
the four helpful calculating tools
cash flow
foreclosure
22. The depreciation of an asset as an expense
per diem
capital cost allowance
variable costs
liabilities
23. Interest calculated on the principal plus any accumulated interest
compounded interest
residual value
personal property
parameter
24. Things you own
median
compounded annually
lease
assets
25. Investing in a well-established company
assets
medium risk investment
invoice
break even point
26. Money earned on an investment or paid on a loan
interest
per diem
population
cash discounts
27. The amount the property is worth at the end of the lease
sensitivity analysis
residual value
chain discounts
mortgage
28. A chart that shows the balance of the mortgage after each amortization period
low risk investment
cash flow
foreign currency exchange
amortization schedule
29. Where info is collected for every unit of the population
range
mode
fixed costs
complete enumeration survey
30. The money paid to an employee based on a percentage of their sales
sales commission
p.a.
the four helpful calculating tools
compounded daily
31. A complete set of individuals - objects or scores being studied
population
range
compounded quarterly
variable costs
32. Part ownership in a company
shares
the two main types of shares
parameter
low risk investment
33. Simple and compound
overtime
variable
net capitalized cost
the two types of interest
34. A loan
net capitalized cost
mortgage
overtime
term
35. Number calculated from population data
parameter
per diem
high-ratio mortgage
variable
36. An item of data that has a different value at different times
maximum
per diem
variable
common shares
37. When two ratios are equal
variable costs
lease
weighted average
proportion
38. Interest is paid once a year
shares
compounded annually
net capitalized cost
multiplicand
39. Deciding if its worth the risk
front-loaded
money factor
lessor
sensitivity analysis
40. electronic - portable (pocket) - computer - spreadsheets
minimum
the four helpful calculating tools
population
compounded monthly
41. The lowest number in a group of data
minimum
weighted average
income statement
simple interest
42. Money given to someone on condition the person will return the money and interest by a specific date
constant
the two methods calculators use to process information
loan
medium risk investment
43. The owner of the property
chain discounts
lessor
sensitivity analysis
fixed costs
44. you may get a large return or get nothing
the four helpful calculating tools
foreclosure
capital cost allowance
high risk investment
45. Per annum - yearly
minimum
data
sales commission
p.a.
46. A portion of the population being studied
percent
compounded interest
sample
income statement
47. (simple average) adding the group of items and dividing by the total number of items
mean
maximum
cash flow
liabilities
48. of one hundred
compounded quarterly
percent
collateral
residual value
49. The score that falls in the middle
income statement
break even point
the two main types of shares
median
50. A bill
divisor
invoice
collateral
retired or amortized