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. Non-payment






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






3. The number you are dividing by






4. Paid in full






5. The lowest number in a group of data






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






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






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






9. A comparison of two numbers






10. Interest calculated on the principle






11. The final figures






12. The score that falls in the middle






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






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






15. The unexpected variablility of returns






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






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






18. Something that is expected to return a profit






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






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






21. The depreciation of an asset as an expense






22. Security for a loan






23. Interest is paid once a year






24. Interest calculated on the principal plus any accumulated interest






25. A loan






26. A series of discounts






27. The borrower






28. The number to be divided by






29. Preference and common






30. Number calculated from population data






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






32. Interest is paid four times a year






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






34. Parts of a whole number






35. A bill






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






37. The highest number in a group of data






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






39. An item of data the stays the same






40. Time worked beyond the established working hours






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






42. The owner of the property






43. Amounts of money you owe






44. A percentage discount to customers






45. of one hundred






46. A number calculated from sample data






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






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






49. Costs that remain constant






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