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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 unexpected variablility of returns
compounded daily
risk
special discounts
assets
2. Interest is paid 365 times a year
income statement
foreign currency exchange
compounded daily
per diem
3. The process of repossessing and selling the real or personal property when the borrower has defaulted
personal property
multiplier
variable costs
foreclosure
4. Costs that remain constant
front-loaded
fixed costs
low risk investment
assets
5. Per day
per diem
lessee
mortgage
assets
6. The point where income and expenses intersect (no loss or profit)
high risk investment
break even point
mortgagor
weighted average
7. The interest amount is small - but you are guaranteed to get something
low risk investment
data
balance sheet
front-loaded
8. Preference and common
default
population
variable costs
the two main types of shares
9. loans to companies or goverments (no voting rights)
mortgagor
bonds
sample
assets
10. (simple average) adding the group of items and dividing by the total number of items
amortization period
mean
compounded quarterly
mortgagee
11. A chart that shows the balance of the mortgage after each amortization period
amortization schedule
the two types of interest
dividend
compounded daily
12. The total of units multiplied by the price
personal property
multiplicand
mean
extention
13. Non-payment
cross-footing
p.a.
real property
default
14. Shows the money coming in and expenses for a certain period of time.
overtime
constant
foreclosure
income statement
15. Per annum - yearly
price earnings ratios
foreign currency exchange
collateral
p.a.
16. The amount the property is worth at the end of the lease
dividend
residual value
population
money factor
17. Interest is paid twice a year
the two methods calculators use to process information
mortgage
capital cost allowance
compounded sem-annually
18. Shows the assets - liabilities and financial position of the company
low risk investment
weighted average
preference shares
balance sheet
19. Things you own
assets
range
the two methods calculators use to process information
mode
20. A number calculated from sample data
lease
compounded daily
statistic
real property
21. Number calculated from population data
parameter
money factor
medium risk investment
data
22. Indicators of the confidence investors have in a company (the higher the better)
preference shares
mortgagor
price earnings ratios
dividend
23. The depreciation of an asset as an expense
the three items that may have to be subracted from the gross return figure when calculating net return
multiplier
amortization period
capital cost allowance
24. Interest is paid four times a year
compounded quarterly
proportion
conventional mortgage
population
25. Security for a loan
collateral
lease
bonds
default
26. Amounts of money you owe
liabilities
range
the two types of interest
chain discounts
27. A comparison of two numbers
ratio
divisor
mode
statistic
28. Interest calculated on the principle
amortization schedule
simple interest
lessee
p.a.
29. When two ratios are equal
dividend
bottom line figures
proportion
mortgagor
30. The price after any down-payment or trade-in
net capitalized cost
cash flow
per diem
compounded monthly
31. electronic - portable (pocket) - computer - spreadsheets
lessor
mode
the four helpful calculating tools
fractions
32. The length of the loan
low risk investment
break even point
high-ratio mortgage
term
33. Something that is expected to return a profit
divisor
money factor
mortgage
investment
34. The highest number in a group of data
per diem
liabilities
maximum
income statement
35. Investing in a well-established company
parameter
cross-footing
extention
medium risk investment
36. The info collected from a survey and the figures generated through statistical analysis
cash discounts
bonds
data
investment
37. Money earned on an investment or paid on a loan
mode
high-ratio mortgage
sales commission
interest
38. A percentage discount for buyers associated with the products being sold
fractions
trade discount
loan
low risk investment
39. A percentage discount to customers
preference shares
the three items that may have to be subracted from the gross return figure when calculating net return
special discounts
high-ratio mortgage
40. The lowest number in a group of data
the two types of interest
compounded monthly
minimum
maximum
41. used when the each piece of data has more than one component
common shares
weighted average
term
percent
42. The difference between the highest and lowest numbers in a set of data
lessee
range
parameter
amortization schedule
43. The amount of money borrowed is less than 75% of the purchase price
percent
conventional mortgage
amortization period
compounded monthly
44. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
minimum
the two methods calculators use to process information
real property
45. Paid in full
lease
assets
retired or amortized
extention
46. The length of time until the debt is zero
multi modal
liabilities
amortization period
bottom line figures
47. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
ratio
risk
balance sheet
48. The number to be divided by
compounded daily
parameter
dividend
data
49. Algebraic - arithmetic
foreclosure
capital cost allowance
compounded annually
the two methods calculators use to process information
50. Part ownership in a company
shares
percent
default
data