Test your basic knowledge |

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






2. Simple and compound






3. A bill






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






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






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






7. A portion of the population being studied






8. The number to be divided by






9. Per day






10. Things you own






11. Paid in full






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






13. More than one frequently occuring value in a group of data






14. A series of discounts






15. Part ownership in a company






16. Money given to someone on condition the person will return the money and interest by a specific date






17. Interest is paid 365 times a year






18. The lowest number in a group of data






19. Investing in a well-established company






20. The highest number in a group of data






21. Number calculated from population data






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






23. Algebraic - arithmetic






24. The lender






25. The money paid to an employee based on a percentage of their sales






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






27. The length of the loan






28. Non-payment






29. The length of time until the debt is zero






30. A number calculated from sample data






31. Interest is paid four times a year






32. A percentage discount to customers






33. Costs that fluctuate






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






35. electronic - portable (pocket) - computer - spreadsheets






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






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






38. The unexpected variablility of returns






39. The borrower






40. The amount the property is worth at the end of the lease






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






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






43. The first number






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






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






46. A complete set of individuals - objects or scores being studied






47. Provide a specific dividend that is paid before any dividends are paid to common stock holders






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






49. An item of data the stays the same






50. Deciding if its worth the risk