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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. The length of the loan
term
special discounts
mode
shares
2. Paid in full
invoice
mean
retired or amortized
high-ratio mortgage
3. The total of units multiplied by the price
statistic
extention
multiplicand
data
4. Shows the money coming in and expenses for a certain period of time.
income statement
divisor
median
break even point
5. A chart that shows the balance of the mortgage after each amortization period
fractions
chain discounts
amortization schedule
lessor
6. The number to be divided by
dividend
shares
complete enumeration survey
compounded interest
7. The number you are multipliying by
mode
capital cost allowance
multiplier
medium risk investment
8. Provide a specific dividend that is paid before any dividends are paid to common stock holders
median
liabilities
personal property
preference shares
9. The amount the property is worth at the end of the lease
residual value
variable costs
extention
bonds
10. Amounts of money you owe
complete enumeration survey
liabilities
mean
lease
11. Interest calculated on the principle
data
fractions
simple interest
mean
12. Shows the assets - liabilities and financial position of the company
retired or amortized
term
balance sheet
dividend
13. you may get a large return or get nothing
lessor
compounded quarterly
cash discounts
high risk investment
14. A complete set of individuals - objects or scores being studied
range
compounded sem-annually
population
proportion
15. An item of data the stays the same
compounded daily
multiplicand
constant
divisor
16. The highest number in a group of data
maximum
dividend
range
mortgagor
17. The most frequently occuring value in a group of data
constant
mortgage
per diem
mode
18. The number you are dividing by
common shares
invoice
lessee
divisor
19. Interest calculated on the principal plus any accumulated interest
sales commission
compounded interest
loan
compounded annually
20. The lowest number in a group of data
constant
the four helpful calculating tools
money factor
minimum
21. Discounts offered to encourage customers to pay their bills on time
conventional mortgage
fixed costs
cash discounts
foreign currency exchange
22. Property other than real estate (often called a chattel mortgage)
conventional mortgage
foreign currency exchange
personal property
constant
23. The difference between the highest and lowest numbers in a set of data
collateral
preference shares
chain discounts
range
24. Things you own
sales commission
cash discounts
default
assets
25. The process of repossessing and selling the real or personal property when the borrower has defaulted
compounded interest
net capitalized cost
foreclosure
minimum
26. Per day
default
compounded annually
per diem
mortgagee
27. The depreciation of an asset as an expense
the four helpful calculating tools
capital cost allowance
default
multiplier
28. More than one frequently occuring value in a group of data
compounded sem-annually
balance sheet
multi modal
term
29. real estate (houses - condos - warehouses - factories - etc)
the four helpful calculating tools
real property
cash flow
proportion
30. Where info is collected for every unit of the population
sample
weighted average
liabilities
complete enumeration survey
31. When two ratios are equal
per diem
percent
proportion
ratio
32. Costs that remain constant
compounded interest
fixed costs
compounded daily
chain discounts
33. Indicators of the confidence investors have in a company (the higher the better)
price earnings ratios
loan
the three items that may have to be subracted from the gross return figure when calculating net return
mode
34. The point where income and expenses intersect (no loss or profit)
conventional mortgage
mean
break even point
amortization period
35. Part ownership in a company
shares
net capitalized cost
compounded sem-annually
mortgagor
36. Money given to someone on condition the person will return the money and interest by a specific date
loan
liabilities
trade discount
mortgage
37. The money paid to an employee based on a percentage of their sales
lessor
loan
ratio
sales commission
38. The majority of the early payments go toward paying the interest on the loan
sensitivity analysis
personal property
front-loaded
lease
39. The unexpected variablility of returns
risk
conventional mortgage
common shares
mean
40. Investing in a well-established company
the two main types of shares
medium risk investment
low risk investment
mortgage
41. An item of data that has a different value at different times
variable
special discounts
mode
complete enumeration survey
42. Interest is paid twelve times a year
compounded monthly
mortgagor
complete enumeration survey
mode
43. A series of discounts
compounded annually
mortgage
chain discounts
real property
44. The amount of money borrowed is less than 75% of the purchase price
retired or amortized
invoice
conventional mortgage
data
45. Parts of a whole number
population
fractions
personal property
trade discount
46. Costs that fluctuate
statistic
mortgage
variable costs
compounded monthly
47. The lender
foreign currency exchange
low risk investment
fixed costs
mortgagee
48. The interest amount is small - but you are guaranteed to get something
median
low risk investment
fractions
collateral
49. Simple and compound
the two types of interest
percent
compounded annually
sales commission
50. used when the each piece of data has more than one component
weighted average
common shares
data
simple interest