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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. Number calculated from population data
ratio
cross-footing
parameter
dividend
2. A comparison of two numbers
cross-footing
high risk investment
variable costs
ratio
3. Algebraic - arithmetic
the two methods calculators use to process information
investment
bottom line figures
break even point
4. The number to be divided by
dividend
money factor
per diem
p.a.
5. Money given to someone on condition the person will return the money and interest by a specific date
invoice
loan
lessee
conventional mortgage
6. The price after any down-payment or trade-in
multi modal
statistic
net capitalized cost
cash discounts
7. Something that is expected to return a profit
investment
retired or amortized
cash flow
balance sheet
8. of one hundred
high-ratio mortgage
mean
percent
trade discount
9. The lender
compounded sem-annually
mortgagee
loan
medium risk investment
10. An item of data that has a different value at different times
data
assets
dividend
variable
11. Discounts offered to encourage customers to pay their bills on time
fractions
net capitalized cost
cash discounts
variable costs
12. The highest number in a group of data
cross-footing
maximum
term
amortization schedule
13. The difference between the highest and lowest numbers in a set of data
income statement
foreign currency exchange
range
the three items that may have to be subracted from the gross return figure when calculating net return
14. real estate (houses - condos - warehouses - factories - etc)
compounded sem-annually
personal property
cross-footing
real property
15. Things you own
low risk investment
assets
range
percent
16. The majority of the early payments go toward paying the interest on the loan
front-loaded
mortgagor
liabilities
per diem
17. Preference and common
range
the two main types of shares
compounded annually
preference shares
18. The lowest number in a group of data
minimum
sensitivity analysis
trade discount
simple interest
19. Security for a loan
collateral
divisor
income statement
foreign currency exchange
20. Paid in full
compounded quarterly
preference shares
lease
retired or amortized
21. electronic - portable (pocket) - computer - spreadsheets
the four helpful calculating tools
amortization period
multiplicand
data
22. Simple and compound
the two types of interest
dividend
constant
real property
23. A percentage discount for buyers associated with the products being sold
residual value
the four helpful calculating tools
invoice
trade discount
24. Costs that remain constant
compounded annually
low risk investment
fixed costs
money factor
25. When two ratios are equal
sample
proportion
capital cost allowance
real property
26. A complete set of individuals - objects or scores being studied
simple interest
per diem
multiplier
population
27. Interest is paid once a year
weighted average
bottom line figures
overtime
compounded annually
28. used when the each piece of data has more than one component
residual value
high risk investment
front-loaded
weighted average
29. Investing in a well-established company
amortization period
lessee
medium risk investment
break even point
30. Interest is paid four times a year
compounded quarterly
the four helpful calculating tools
compounded monthly
overtime
31. Shows the money coming in and expenses for a certain period of time.
mortgagee
income statement
fixed costs
data
32. A decimal figure when x by 2400 gives an approximate annual interest rate
money factor
fixed costs
multi modal
the two types of interest
33. (simple average) adding the group of items and dividing by the total number of items
cash flow
residual value
risk
mean
34. The length of time until the debt is zero
chain discounts
amortization period
proportion
liabilities
35. The amount the property is worth at the end of the lease
statistic
money factor
collateral
residual value
36. Commission fee - inflation rate - capital gains tax
the three items that may have to be subracted from the gross return figure when calculating net return
the two methods calculators use to process information
weighted average
divisor
37. A loan
conventional mortgage
default
low risk investment
mortgage
38. The most frequently occuring value in a group of data
lessee
common shares
mode
special discounts
39. Adding columns of figures horizontally and vertically to check that the totals agree
multiplicand
minimum
complete enumeration survey
cross-footing
40. Part ownership in a company
assets
fractions
cash flow
shares
41. Money earned on an investment or paid on a loan
multiplier
interest
maximum
investment
42. The person paying to borrow property for a certain amount of time for payments
trade discount
mortgage
lessee
compounded sem-annually
43. The point where income and expenses intersect (no loss or profit)
break even point
fractions
ratio
price earnings ratios
44. Property other than real estate (often called a chattel mortgage)
net capitalized cost
sensitivity analysis
personal property
mortgagor
45. Non-payment
price earnings ratios
default
fixed costs
extention
46. The score that falls in the middle
assets
median
compounded annually
net capitalized cost
47. Shows the assets - liabilities and financial position of the company
trade discount
the three items that may have to be subracted from the gross return figure when calculating net return
mode
balance sheet
48. A rate that one currency can be exchanged for another
foreign currency exchange
variable
amortization period
simple interest
49. Per annum - yearly
p.a.
foreclosure
proportion
parameter
50. Deciding if its worth the risk
fractions
parameter
sensitivity analysis
the four helpful calculating tools