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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. Simple and compound
compounded sem-annually
conventional mortgage
the two types of interest
high-ratio mortgage
2. An item of data the stays the same
simple interest
lessee
multiplicand
constant
3. Something that is expected to return a profit
medium risk investment
fractions
high-ratio mortgage
investment
4. A series of discounts
multiplicand
compounded monthly
chain discounts
invoice
5. Preference and common
the two main types of shares
net capitalized cost
compounded quarterly
mortgagor
6. Deciding if its worth the risk
compounded interest
chain discounts
maximum
sensitivity analysis
7. A contract giving someone the right to use something for a certain length of time
population
cash discounts
lease
high-ratio mortgage
8. The most frequently occuring value in a group of data
mode
residual value
sample
balance sheet
9. Interest is paid four times a year
compounded quarterly
cash discounts
maximum
default
10. Costs that remain constant
maximum
balance sheet
fixed costs
multi modal
11. Interest is paid 365 times a year
compounded daily
the two types of interest
lessor
cash discounts
12. The price after any down-payment or trade-in
proportion
net capitalized cost
common shares
parameter
13. Paid dividends after the preference shares have been paid
compounded annually
common shares
simple interest
interest
14. Parts of a whole number
fractions
the two types of interest
extention
per diem
15. The process of repossessing and selling the real or personal property when the borrower has defaulted
risk
low risk investment
foreclosure
compounded daily
16. A chart that shows the balance of the mortgage after each amortization period
loan
collateral
sensitivity analysis
amortization schedule
17. A bill
net capitalized cost
invoice
multiplicand
compounded interest
18. Discounts offered to encourage customers to pay their bills on time
common shares
minimum
cash discounts
variable
19. Amount of money coming in and going out of your business monthly
money factor
capital cost allowance
foreclosure
cash flow
20. The amount of money borrowed is between 75% - 95% of the purchase price
high-ratio mortgage
simple interest
sales commission
fractions
21. The info collected from a survey and the figures generated through statistical analysis
bottom line figures
collateral
compounded sem-annually
data
22. The amount of money borrowed is less than 75% of the purchase price
conventional mortgage
fractions
multiplier
lessor
23. A decimal figure when x by 2400 gives an approximate annual interest rate
money factor
amortization period
foreclosure
lessee
24. Provide a specific dividend that is paid before any dividends are paid to common stock holders
cross-footing
lessor
capital cost allowance
preference shares
25. A number calculated from sample data
collateral
balance sheet
statistic
sales commission
26. Investing in a well-established company
common shares
medium risk investment
lessor
variable costs
27. Costs that fluctuate
lease
break even point
variable costs
capital cost allowance
28. Indicators of the confidence investors have in a company (the higher the better)
the two types of interest
residual value
fractions
price earnings ratios
29. The money paid to an employee based on a percentage of their sales
shares
liabilities
compounded interest
sales commission
30. Number calculated from population data
range
retired or amortized
minimum
parameter
31. Security for a loan
mode
collateral
dividend
lessee
32. The lender
mortgagee
the two methods calculators use to process information
trade discount
variable
33. The depreciation of an asset as an expense
capital cost allowance
investment
weighted average
cross-footing
34. Part ownership in a company
lessor
multi modal
complete enumeration survey
shares
35. The unexpected variablility of returns
variable
proportion
mortgagee
risk
36. The length of time until the debt is zero
proportion
compounded monthly
amortization period
constant
37. you may get a large return or get nothing
high risk investment
low risk investment
data
fixed costs
38. Per day
per diem
simple interest
cash flow
special discounts
39. Interest calculated on the principle
median
simple interest
complete enumeration survey
cross-footing
40. The highest number in a group of data
balance sheet
maximum
foreign currency exchange
money factor
41. Adding columns of figures horizontally and vertically to check that the totals agree
cross-footing
term
variable
compounded sem-annually
42. A portion of the population being studied
assets
mortgagor
the two types of interest
sample
43. Time worked beyond the established working hours
parameter
mortgage
mean
overtime
44. A complete set of individuals - objects or scores being studied
maximum
real property
population
range
45. A percentage discount for buyers associated with the products being sold
the two main types of shares
trade discount
foreign currency exchange
sample
46. The length of the loan
trade discount
interest
term
complete enumeration survey
47. Shows the assets - liabilities and financial position of the company
high-ratio mortgage
balance sheet
income statement
statistic
48. real estate (houses - condos - warehouses - factories - etc)
percent
residual value
population
real property
49. The borrower
weighted average
common shares
the four helpful calculating tools
mortgagor
50. The interest amount is small - but you are guaranteed to get something
lease
compounded sem-annually
low risk investment
cross-footing