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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 amount of money borrowed is less than 75% of the purchase price
fractions
sales commission
loan
conventional mortgage
2. A percentage discount for buyers associated with the products being sold
the four helpful calculating tools
simple interest
compounded sem-annually
trade discount
3. The money paid to an employee based on a percentage of their sales
divisor
invoice
percent
sales commission
4. Preference and common
the two main types of shares
loan
percent
preference shares
5. Per day
dividend
preference shares
per diem
mode
6. Costs that fluctuate
variable costs
compounded monthly
high-ratio mortgage
extention
7. The length of time until the debt is zero
mortgagor
proportion
amortization period
weighted average
8. Property other than real estate (often called a chattel mortgage)
personal property
preference shares
mortgagee
compounded monthly
9. The majority of the early payments go toward paying the interest on the loan
front-loaded
mortgagee
the four helpful calculating tools
dividend
10. Deciding if its worth the risk
compounded daily
variable costs
sensitivity analysis
collateral
11. Interest is paid once a year
compounded annually
the four helpful calculating tools
per diem
break even point
12. The number you are multipliying by
data
variable
multiplier
the three items that may have to be subracted from the gross return figure when calculating net return
13. A complete set of individuals - objects or scores being studied
mortgage
the three items that may have to be subracted from the gross return figure when calculating net return
population
mortgagee
14. Interest calculated on the principle
median
simple interest
amortization period
assets
15. (simple average) adding the group of items and dividing by the total number of items
bottom line figures
mean
special discounts
ratio
16. Security for a loan
mortgage
collateral
complete enumeration survey
cross-footing
17. A contract giving someone the right to use something for a certain length of time
compounded annually
term
lease
the two types of interest
18. Part ownership in a company
the two types of interest
front-loaded
shares
common shares
19. Share of the profits of a company
multi modal
amortization schedule
statistic
dividend
20. More than one frequently occuring value in a group of data
compounded interest
percent
cross-footing
multi modal
21. Money earned on an investment or paid on a loan
median
amortization period
interest
break even point
22. An item of data that has a different value at different times
the four helpful calculating tools
compounded annually
variable
range
23. A number calculated from sample data
high-ratio mortgage
statistic
mortgagee
conventional mortgage
24. A percentage discount to customers
risk
dividend
special discounts
population
25. The first number
multiplicand
income statement
price earnings ratios
lessee
26. Non-payment
front-loaded
special discounts
default
mean
27. Interest is paid twice a year
break even point
sample
compounded sem-annually
capital cost allowance
28. Interest is paid four times a year
extention
data
compounded quarterly
mortgagee
29. Something that is expected to return a profit
the four helpful calculating tools
investment
capital cost allowance
compounded quarterly
30. Indicators of the confidence investors have in a company (the higher the better)
variable costs
price earnings ratios
compounded sem-annually
cash discounts
31. Algebraic - arithmetic
personal property
compounded daily
the two methods calculators use to process information
lessor
32. Interest is paid 365 times a year
investment
multi modal
complete enumeration survey
compounded daily
33. Provide a specific dividend that is paid before any dividends are paid to common stock holders
p.a.
preference shares
multiplicand
collateral
34. Per annum - yearly
money factor
mode
p.a.
residual value
35. The lender
foreign currency exchange
maximum
median
mortgagee
36. Costs that remain constant
risk
parameter
term
fixed costs
37. Amounts of money you owe
p.a.
bonds
range
liabilities
38. Amount of money coming in and going out of your business monthly
cash flow
percent
variable
balance sheet
39. of one hundred
percent
chain discounts
the four helpful calculating tools
income statement
40. Discounts offered to encourage customers to pay their bills on time
cash discounts
the two methods calculators use to process information
maximum
income statement
41. used when the each piece of data has more than one component
risk
real property
weighted average
compounded interest
42. Adding columns of figures horizontally and vertically to check that the totals agree
real property
term
cross-footing
collateral
43. Investing in a well-established company
medium risk investment
compounded daily
compounded monthly
compounded annually
44. A series of discounts
percent
bonds
default
chain discounts
45. A comparison of two numbers
ratio
data
high risk investment
mortgagor
46. Parts of a whole number
dividend
shares
fractions
variable
47. A bill
range
invoice
the four helpful calculating tools
the two types of interest
48. Paid in full
invoice
the four helpful calculating tools
retired or amortized
medium risk investment
49. Number calculated from population data
median
p.a.
range
parameter
50. The difference between the highest and lowest numbers in a set of data
proportion
bonds
range
high-ratio mortgage