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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 final figures






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






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






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






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






6. Amounts of money you owe






7. Interest is paid 365 times a year






8. Investing in a well-established company






9. Costs that fluctuate






10. Interest calculated on the principle






11. of one hundred






12. Parts of a whole number






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






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






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






16. Non-payment






17. A number calculated from sample data






18. The number you are dividing by






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






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






21. Interest calculated on the principal plus any accumulated interest






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






23. When two ratios are equal






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






25. The length of time until the debt is zero






26. The total of units multiplied by the price






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






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






29. The unexpected variablility of returns






30. A percentage discount to customers






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






32. The lender






33. The number to be divided by






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






35. An item of data the stays the same






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






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






38. The depreciation of an asset as an expense






39. A loan






40. you may get a large return or get nothing






41. The score that falls in the middle






42. Interest is paid four times a year






43. Security for a loan






44. Simple and compound






45. Interest is paid twelve times a year






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






47. Preference and common






48. Algebraic - arithmetic






49. The borrower






50. Per day