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 amount the property is worth at the end of the lease






2. Time worked beyond the established working hours






3. Interest is paid once a year






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






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






6. Deciding if its worth the risk






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






8. A series of discounts






9. The depreciation of an asset as an expense






10. Paid in full






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






12. An item of data the stays the same






13. The number to be divided by






14. The length of time until the debt is zero






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






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






17. Per annum - yearly






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






19. Investing in a well-established company






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






21. Part ownership in a company






22. Simple and compound






23. The majority of the early payments go toward paying the interest on the loan






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






25. Commission fee - inflation rate - capital gains tax






26. The lowest number in a group of data






27. When two ratios are equal






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






29. Something that is expected to return a profit






30. Interest is paid twelve times a year






31. A portion of the population being studied






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






33. Interest is paid 365 times a year






34. Costs that remain constant






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






36. Interest is paid four times a year






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






38. The first number






39. The info collected from a survey and the figures generated through statistical analysis






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






41. A loan






42. The lender






43. The unexpected variablility of returns






44. A percentage discount to customers






45. Non-payment






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






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






48. The score that falls in the middle






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






50. Interest is paid twice a year