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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.
foreign currency exchange
collateral
income statement
divisor
2. The lender
liabilities
percent
mortgagee
compounded interest
3. The amount of money borrowed is less than 75% of the purchase price
conventional mortgage
bottom line figures
p.a.
variable
4. The unexpected variablility of returns
compounded monthly
amortization schedule
maximum
risk
5. you may get a large return or get nothing
high risk investment
cash flow
amortization schedule
lessee
6. used when the each piece of data has more than one component
compounded interest
weighted average
special discounts
the two methods calculators use to process information
7. The amount of money borrowed is between 75% - 95% of the purchase price
amortization schedule
high-ratio mortgage
median
liabilities
8. Discounts offered to encourage customers to pay their bills on time
assets
cash discounts
compounded sem-annually
interest
9. A bill
high risk investment
real property
overtime
invoice
10. The price after any down-payment or trade-in
net capitalized cost
simple interest
weighted average
lessor
11. Property other than real estate (often called a chattel mortgage)
compounded sem-annually
risk
mean
personal property
12. of one hundred
percent
p.a.
interest
collateral
13. Adding columns of figures horizontally and vertically to check that the totals agree
lessor
complete enumeration survey
collateral
cross-footing
14. The total of units multiplied by the price
real property
fixed costs
extention
foreclosure
15. electronic - portable (pocket) - computer - spreadsheets
overtime
dividend
the four helpful calculating tools
the two types of interest
16. Paid in full
retired or amortized
fractions
foreign currency exchange
interest
17. A percentage discount to customers
ratio
cash discounts
special discounts
complete enumeration survey
18. Number calculated from population data
multi modal
parameter
the two main types of shares
compounded annually
19. Amounts of money you owe
percent
liabilities
proportion
cross-footing
20. The length of time until the debt is zero
fractions
amortization period
lessee
retired or amortized
21. A chart that shows the balance of the mortgage after each amortization period
income statement
amortization schedule
price earnings ratios
compounded interest
22. A comparison of two numbers
price earnings ratios
loan
capital cost allowance
ratio
23. Non-payment
default
sensitivity analysis
compounded daily
capital cost allowance
24. The number to be divided by
percent
dividend
proportion
amortization schedule
25. The money paid to an employee based on a percentage of their sales
p.a.
sales commission
overtime
mortgagee
26. Part ownership in a company
net capitalized cost
shares
mortgagee
real property
27. real estate (houses - condos - warehouses - factories - etc)
the two types of interest
variable costs
real property
chain discounts
28. Deciding if its worth the risk
multiplier
sensitivity analysis
statistic
compounded monthly
29. Interest is paid twelve times a year
loan
compounded monthly
high risk investment
personal property
30. The score that falls in the middle
median
the three items that may have to be subracted from the gross return figure when calculating net return
mortgagor
loan
31. Preference and common
common shares
assets
the two main types of shares
bottom line figures
32. (simple average) adding the group of items and dividing by the total number of items
mean
mortgagor
compounded interest
bonds
33. Interest is paid once a year
compounded annually
mortgagor
trade discount
extention
34. A series of discounts
chain discounts
the three items that may have to be subracted from the gross return figure when calculating net return
multi modal
shares
35. An item of data the stays the same
mode
conventional mortgage
constant
personal property
36. The most frequently occuring value in a group of data
high-ratio mortgage
the two types of interest
mode
medium risk investment
37. Interest is paid twice a year
compounded sem-annually
range
foreign currency exchange
front-loaded
38. Simple and compound
range
the two types of interest
overtime
liabilities
39. Amount of money coming in and going out of your business monthly
mortgagee
constant
risk
cash flow
40. A contract giving someone the right to use something for a certain length of time
simple interest
risk
constant
lease
41. Something that is expected to return a profit
mortgagee
population
amortization period
investment
42. A rate that one currency can be exchanged for another
shares
foreign currency exchange
price earnings ratios
common shares
43. The lowest number in a group of data
amortization schedule
percent
conventional mortgage
minimum
44. Shows the assets - liabilities and financial position of the company
risk
compounded daily
constant
balance sheet
45. The depreciation of an asset as an expense
capital cost allowance
maximum
interest
chain discounts
46. The person paying to borrow property for a certain amount of time for payments
lessee
high-ratio mortgage
collateral
personal property
47. The majority of the early payments go toward paying the interest on the loan
compounded sem-annually
front-loaded
population
bottom line figures
48. The interest amount is small - but you are guaranteed to get something
per diem
low risk investment
minimum
mortgagor
49. Money given to someone on condition the person will return the money and interest by a specific date
constant
trade discount
compounded monthly
loan
50. A loan
fixed costs
statistic
mortgage
cash discounts