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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 complete set of individuals - objects or scores being studied
assets
compounded quarterly
investment
population
2. The score that falls in the middle
retired or amortized
assets
median
overtime
3. The majority of the early payments go toward paying the interest on the loan
bonds
break even point
balance sheet
front-loaded
4. The first number
variable
population
multiplicand
liabilities
5. Amount of money coming in and going out of your business monthly
residual value
loan
cash flow
data
6. Interest is paid four times a year
compounded quarterly
invoice
retired or amortized
collateral
7. Per day
data
multiplier
p.a.
per diem
8. The number to be divided by
compounded monthly
variable costs
mortgage
dividend
9. A bill
data
collateral
invoice
personal property
10. Non-payment
default
investment
loan
data
11. A chart that shows the balance of the mortgage after each amortization period
proportion
amortization schedule
dividend
lease
12. Adding columns of figures horizontally and vertically to check that the totals agree
conventional mortgage
cash flow
cross-footing
chain discounts
13. The depreciation of an asset as an expense
capital cost allowance
bottom line figures
lease
multiplicand
14. The owner of the property
lessor
bottom line figures
multiplier
high-ratio mortgage
15. More than one frequently occuring value in a group of data
foreign currency exchange
medium risk investment
money factor
multi modal
16. The amount of money borrowed is between 75% - 95% of the purchase price
amortization period
lessee
high-ratio mortgage
mortgage
17. Paid in full
retired or amortized
mortgage
mortgagor
balance sheet
18. A decimal figure when x by 2400 gives an approximate annual interest rate
the three items that may have to be subracted from the gross return figure when calculating net return
real property
multiplier
money factor
19. Investing in a well-established company
medium risk investment
sales commission
multi modal
the two methods calculators use to process information
20. Number calculated from population data
proportion
compounded quarterly
parameter
front-loaded
21. A series of discounts
foreign currency exchange
chain discounts
mortgagor
capital cost allowance
22. of one hundred
percent
dividend
maximum
high-ratio mortgage
23. Interest is paid twelve times a year
real property
compounded monthly
sample
high-ratio mortgage
24. The length of time until the debt is zero
amortization period
minimum
maximum
conventional mortgage
25. Where info is collected for every unit of the population
minimum
complete enumeration survey
income statement
parameter
26. Interest is paid 365 times a year
compounded daily
lessor
divisor
the two methods calculators use to process information
27. Provide a specific dividend that is paid before any dividends are paid to common stock holders
variable costs
residual value
preference shares
risk
28. The unexpected variablility of returns
interest
simple interest
risk
front-loaded
29. Things you own
investment
assets
interest
population
30. Discounts offered to encourage customers to pay their bills on time
low risk investment
retired or amortized
cash discounts
population
31. Property other than real estate (often called a chattel mortgage)
overtime
cash flow
personal property
sample
32. An item of data the stays the same
income statement
sales commission
collateral
constant
33. Shows the assets - liabilities and financial position of the company
lessor
compounded interest
balance sheet
variable
34. The price after any down-payment or trade-in
bottom line figures
fixed costs
net capitalized cost
mortgage
35. The lender
mortgagee
fixed costs
investment
bottom line figures
36. Interest calculated on the principal plus any accumulated interest
minimum
compounded interest
statistic
special discounts
37. The process of repossessing and selling the real or personal property when the borrower has defaulted
retired or amortized
overtime
capital cost allowance
foreclosure
38. A portion of the population being studied
loan
maximum
sample
interest
39. The interest amount is small - but you are guaranteed to get something
shares
low risk investment
loan
statistic
40. Simple and compound
net capitalized cost
parameter
the two types of interest
cross-footing
41. The money paid to an employee based on a percentage of their sales
liabilities
p.a.
sales commission
simple interest
42. Something that is expected to return a profit
net capitalized cost
shares
residual value
investment
43. Costs that fluctuate
mortgagor
ratio
compounded interest
variable costs
44. Paid dividends after the preference shares have been paid
extention
common shares
cash flow
per diem
45. The difference between the highest and lowest numbers in a set of data
sample
range
low risk investment
term
46. The total of units multiplied by the price
real property
mean
extention
assets
47. Amounts of money you owe
interest
compounded quarterly
weighted average
liabilities
48. A contract giving someone the right to use something for a certain length of time
lease
weighted average
compounded daily
term
49. A loan
sample
mortgage
the two main types of shares
multi modal
50. Costs that remain constant
lease
mortgagee
low risk investment
fixed costs