## 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 price after any down-payment or trade-in**

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

**3. Investing in a well-established company**

**4. The score that falls in the middle**

**5. loans to companies or goverments (no voting rights)**

**6. The number you are multipliying by**

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

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

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

**10. Parts of a whole number**

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

**12. Paid dividends after the preference shares have been paid**

**13. The final figures**

**14. Commission fee - inflation rate - capital gains tax**

**15. electronic - portable (pocket) - computer - spreadsheets**

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

**17. The length of time until the debt is zero**

**18. A loan**

**19. Shows the assets - liabilities and financial position of the company**

**20. Interest calculated on the principle**

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

**22. Paid in full**

**23. A percentage discount for buyers associated with the products being sold**

**24. Costs that remain constant**

**25. Preference and common**

**26. When two ratios are equal**

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

**28. Things you own**

**29. The unexpected variablility of returns**

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

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

**32. Interest is paid once a year**

**33. Interest is paid twice a year**

**34. Amounts of money you owe**

**35. A portion of the population being studied**

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

**37. The first number**

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

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

**40. The number you are dividing by**

**41. A number calculated from sample data**

**42. real estate (houses - condos - warehouses - factories - etc)**

**43. you may get a large return or get nothing**

**44. Non-payment**

**45. Per day**

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

**47. Simple and compound**

**48. A bill**

**49. Where info is collected for every unit of the population**

**50. Discounts offered to encourage customers to pay their bills on time**