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 majority of the early payments go toward paying the interest on the loan






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






3. The lender






4. Interest is paid twelve times a year






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






6. The unexpected variablility of returns






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






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






9. The lowest number in a group of data






10. The total of units multiplied by the price






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






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






13. Security for a loan






14. Interest calculated on the principal plus any accumulated interest






15. A number calculated from sample data






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






17. Commission fee - inflation rate - capital gains tax






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






19. Interest is paid 365 times a year






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






21. The score that falls in the middle






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






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






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






25. Part ownership in a company






26. of one hundred






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






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






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






30. A bill






31. The highest number in a group of data






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






33. A comparison of two numbers






34. Per annum - yearly






35. Per day






36. When two ratios are equal






37. The number to be divided by






38. Investing in a well-established company






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






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






41. The number you are dividing by






42. The length of the loan






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






44. The depreciation of an asset as an expense






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






46. Time worked beyond the established working hours






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






48. A percentage discount to customers






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






50. Parts of a whole number