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






2. Investing in a well-established company






3. The final figures






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






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






6. The first number






7. Property other than real estate (often called a chattel mortgage)






8. The score that falls in the middle






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






10. The number you are dividing by






11. A comparison of two numbers






12. An item of data the stays the same






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






14. Something that is expected to return a profit






15. Algebraic - arithmetic






16. Interest is paid 365 times a year






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






18. A percentage discount to customers






19. Security for a loan






20. Number calculated from population data






21. The point where income and expenses intersect (no loss or profit)






22. Interest calculated on the principle






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






24. The length of the loan






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






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






27. Interest is paid once a year






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






29. Interest is paid twelve times a year






30. The depreciation of an asset as an expense






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






32. Non-payment






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






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






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






36. Things you own






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






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






39. Amounts of money you owe






40. Parts of a whole number






41. Simple and compound






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






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






44. Adding columns of figures horizontally and vertically to check that the totals agree






45. The owner of the property






46. Time worked beyond the established working hours






47. The borrower






48. Interest is paid twice a year






49. The unexpected variablility of returns






50. The person paying to borrow property for a certain amount of time for payments







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Can you answer 50 questions in 15 minutes?


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