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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 percentage discount for buyers associated with the products being sold
maximum
fixed costs
range
trade discount
2. The borrower
mortgagor
mortgage
high-ratio mortgage
personal property
3. A number calculated from sample data
statistic
personal property
income statement
common shares
4. Deciding if its worth the risk
cash discounts
sensitivity analysis
preference shares
residual value
5. An item of data the stays the same
per diem
constant
proportion
variable costs
6. The money paid to an employee based on a percentage of their sales
low risk investment
dividend
sales commission
overtime
7. Simple and compound
residual value
the two types of interest
real property
sales commission
8. The lender
default
compounded quarterly
mortgagee
cross-footing
9. An item of data that has a different value at different times
proportion
retired or amortized
variable
amortization schedule
10. Money given to someone on condition the person will return the money and interest by a specific date
statistic
high risk investment
loan
variable costs
11. A percentage discount to customers
special discounts
sample
foreclosure
amortization period
12. Costs that fluctuate
variable costs
liabilities
the four helpful calculating tools
percent
13. Parts of a whole number
multiplier
simple interest
fractions
compounded monthly
14. The lowest number in a group of data
proportion
income statement
invoice
minimum
15. Algebraic - arithmetic
fixed costs
multi modal
front-loaded
the two methods calculators use to process information
16. The info collected from a survey and the figures generated through statistical analysis
median
data
p.a.
complete enumeration survey
17. A chart that shows the balance of the mortgage after each amortization period
risk
amortization schedule
percent
money factor
18. The depreciation of an asset as an expense
capital cost allowance
mortgagor
lessor
constant
19. used when the each piece of data has more than one component
personal property
weighted average
bonds
risk
20. Adding columns of figures horizontally and vertically to check that the totals agree
range
compounded annually
statistic
cross-footing
21. The person paying to borrow property for a certain amount of time for payments
lessee
compounded quarterly
retired or amortized
per diem
22. The point where income and expenses intersect (no loss or profit)
bottom line figures
break even point
special discounts
high risk investment
23. The total of units multiplied by the price
mortgagee
special discounts
extention
sample
24. The score that falls in the middle
median
minimum
overtime
medium risk investment
25. Indicators of the confidence investors have in a company (the higher the better)
the three items that may have to be subracted from the gross return figure when calculating net return
lessee
compounded daily
price earnings ratios
26. Interest calculated on the principal plus any accumulated interest
retired or amortized
compounded interest
maximum
loan
27. Shows the money coming in and expenses for a certain period of time.
high-ratio mortgage
income statement
fractions
the two main types of shares
28. (simple average) adding the group of items and dividing by the total number of items
chain discounts
cash discounts
sensitivity analysis
mean
29. Commission fee - inflation rate - capital gains tax
percent
the three items that may have to be subracted from the gross return figure when calculating net return
dividend
median
30. The length of the loan
term
p.a.
compounded daily
cash flow
31. Paid in full
lease
median
fixed costs
retired or amortized
32. Per day
variable
per diem
lessor
net capitalized cost
33. The owner of the property
statistic
dividend
lessor
p.a.
34. Discounts offered to encourage customers to pay their bills on time
income statement
cash discounts
low risk investment
real property
35. The unexpected variablility of returns
income statement
p.a.
risk
high risk investment
36. Interest is paid twelve times a year
personal property
dividend
compounded monthly
risk
37. Preference and common
compounded interest
the two main types of shares
shares
parameter
38. The highest number in a group of data
ratio
the three items that may have to be subracted from the gross return figure when calculating net return
data
maximum
39. The number you are multipliying by
lessor
multiplier
capital cost allowance
the two types of interest
40. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
loan
median
compounded quarterly
41. Interest is paid twice a year
compounded sem-annually
low risk investment
compounded monthly
price earnings ratios
42. Paid dividends after the preference shares have been paid
term
the two main types of shares
dividend
common shares
43. Per annum - yearly
foreign currency exchange
p.a.
parameter
retired or amortized
44. The amount the property is worth at the end of the lease
front-loaded
personal property
divisor
residual value
45. The length of time until the debt is zero
amortization period
variable
extention
low risk investment
46. The majority of the early payments go toward paying the interest on the loan
fixed costs
percent
front-loaded
per diem
47. The difference between the highest and lowest numbers in a set of data
variable
range
liabilities
interest
48. Interest is paid once a year
the four helpful calculating tools
compounded annually
front-loaded
break even point
49. Provide a specific dividend that is paid before any dividends are paid to common stock holders
p.a.
preference shares
capital cost allowance
multiplicand
50. you may get a large return or get nothing
assets
high risk investment
preference shares
cash discounts