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DSST Business Math Vocab 2

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. electronic - portable (pocket) - computer - spreadsheets






2. Discounts offered to encourage customers to pay their bills on time






3. loans to companies or goverments (no voting rights)






4. A chart that shows the balance of the mortgage after each amortization period






5. Time worked beyond the established working hours






6. The process of repossessing and selling the real or personal property when the borrower has defaulted






7. Indicators of the confidence investors have in a company (the higher the better)






8. A decimal figure when x by 2400 gives an approximate annual interest rate






9. The number you are multipliying by






10. Investing in a well-established company






11. Interest is paid twelve times a year






12. The number you are dividing by






13. Things you own






14. Interest is paid four times a year






15. Shows the money coming in and expenses for a certain period of time.






16. The first number






17. Interest is paid 365 times a year






18. The interest amount is small - but you are guaranteed to get something






19. (simple average) adding the group of items and dividing by the total number of items






20. Share of the profits of a company






21. Interest is paid twice a year






22. Money earned on an investment or paid on a loan






23. Costs that fluctuate






24. The length of time until the debt is zero






25. The price after any down-payment or trade-in






26. A bill






27. Shows the assets - liabilities and financial position of the company






28. A percentage discount to customers






29. The total of units multiplied by the price






30. The score that falls in the middle






31. A number calculated from sample data






32. A contract giving someone the right to use something for a certain length of time






33. used when the each piece of data has more than one component






34. The amount of money borrowed is less than 75% of the purchase price






35. A rate that one currency can be exchanged for another






36. An item of data that has a different value at different times






37. Amount of money coming in and going out of your business monthly






38. real estate (houses - condos - warehouses - factories - etc)






39. Something that is expected to return a profit






40. Deciding if its worth the risk






41. The depreciation of an asset as an expense






42. Per annum - yearly






43. The highest number in a group of data






44. The final figures






45. Simple and compound






46. The difference between the highest and lowest numbers in a set of data






47. Where info is collected for every unit of the population






48. The most frequently occuring value in a group of data






49. The amount of money borrowed is between 75% - 95% of the purchase price






50. you may get a large return or get nothing