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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. Property other than real estate (often called a chattel mortgage)
dividend
personal property
compounded quarterly
fractions
2. Something that is expected to return a profit
money factor
chain discounts
balance sheet
investment
3. A percentage discount to customers
variable costs
retired or amortized
special discounts
mortgagee
4. of one hundred
percent
investment
bottom line figures
the two methods calculators use to process information
5. The number you are dividing by
lessee
divisor
per diem
compounded quarterly
6. The difference between the highest and lowest numbers in a set of data
multiplier
range
special discounts
ratio
7. Interest calculated on the principal plus any accumulated interest
income statement
median
compounded interest
percent
8. The majority of the early payments go toward paying the interest on the loan
the two methods calculators use to process information
preference shares
front-loaded
invoice
9. Deciding if its worth the risk
compounded quarterly
high risk investment
sensitivity analysis
compounded daily
10. The borrower
personal property
the two methods calculators use to process information
median
mortgagor
11. Per annum - yearly
cross-footing
p.a.
variable
the two methods calculators use to process information
12. More than one frequently occuring value in a group of data
medium risk investment
population
compounded sem-annually
multi modal
13. When two ratios are equal
invoice
price earnings ratios
medium risk investment
proportion
14. Money given to someone on condition the person will return the money and interest by a specific date
overtime
high-ratio mortgage
loan
foreign currency exchange
15. real estate (houses - condos - warehouses - factories - etc)
population
capital cost allowance
statistic
real property
16. The score that falls in the middle
real property
dividend
common shares
median
17. The length of time until the debt is zero
multi modal
amortization period
mortgagee
mortgage
18. Paid in full
foreclosure
high risk investment
price earnings ratios
retired or amortized
19. Investing in a well-established company
amortization schedule
medium risk investment
income statement
common shares
20. The amount the property is worth at the end of the lease
residual value
lease
income statement
term
21. Costs that fluctuate
the four helpful calculating tools
money factor
weighted average
variable costs
22. Things you own
assets
invoice
investment
parameter
23. The depreciation of an asset as an expense
conventional mortgage
capital cost allowance
investment
variable costs
24. used when the each piece of data has more than one component
overtime
income statement
mode
weighted average
25. A loan
per diem
compounded sem-annually
mortgage
range
26. Number calculated from population data
parameter
common shares
bonds
loan
27. Per day
extention
multiplier
high risk investment
per diem
28. A contract giving someone the right to use something for a certain length of time
median
break even point
mortgagee
lease
29. The process of repossessing and selling the real or personal property when the borrower has defaulted
foreclosure
residual value
term
extention
30. Simple and compound
variable costs
the two types of interest
break even point
variable
31. Indicators of the confidence investors have in a company (the higher the better)
simple interest
default
price earnings ratios
dividend
32. The info collected from a survey and the figures generated through statistical analysis
bonds
data
low risk investment
medium risk investment
33. Security for a loan
balance sheet
collateral
cash discounts
compounded annually
34. The price after any down-payment or trade-in
chain discounts
foreign currency exchange
the two methods calculators use to process information
net capitalized cost
35. Interest calculated on the principle
overtime
simple interest
median
foreign currency exchange
36. Interest is paid twice a year
risk
preference shares
special discounts
compounded sem-annually
37. The unexpected variablility of returns
cross-footing
preference shares
compounded daily
risk
38. The point where income and expenses intersect (no loss or profit)
break even point
lessee
invoice
mortgagor
39. Interest is paid once a year
compounded annually
divisor
proportion
p.a.
40. (simple average) adding the group of items and dividing by the total number of items
median
money factor
ratio
mean
41. The final figures
multi modal
weighted average
bottom line figures
fractions
42. The number to be divided by
dividend
multi modal
simple interest
compounded quarterly
43. A rate that one currency can be exchanged for another
dividend
median
high-ratio mortgage
foreign currency exchange
44. A decimal figure when x by 2400 gives an approximate annual interest rate
money factor
simple interest
foreign currency exchange
fixed costs
45. A portion of the population being studied
sample
high-ratio mortgage
multi modal
overtime
46. The first number
compounded interest
chain discounts
multiplicand
net capitalized cost
47. you may get a large return or get nothing
retired or amortized
collateral
lease
high risk investment
48. The lender
dividend
the four helpful calculating tools
mortgagee
risk
49. Paid dividends after the preference shares have been paid
front-loaded
money factor
variable costs
common shares
50. An item of data that has a different value at different times
mortgage
variable
common shares
break even point