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 of money borrowed is between 75% - 95% of the purchase price






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






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






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






5. The number you are multipliying by






6. Interest calculated on the principal plus any accumulated interest






7. Interest is paid 365 times a year






8. The score that falls in the middle






9. of one hundred






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






11. When two ratios are equal






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






13. The total of units multiplied by the price






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






15. The lowest number in a group of data






16. The highest number in a group of data






17. The borrower






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






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






20. Commission fee - inflation rate - capital gains tax






21. Costs that remain constant






22. Non-payment






23. The first number






24. Deciding if its worth the risk






25. An item of data the stays the same






26. Interest is paid twice a year






27. The unexpected variablility of returns






28. More than one frequently occuring value in a group of data






29. A portion of the population being studied






30. Per annum - yearly






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






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






33. Interest calculated on the principle






34. The price after any down-payment or trade-in






35. Per day






36. Time worked beyond the established working hours






37. Security for a loan






38. A loan






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






40. A comparison of two numbers






41. The owner of the property






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






43. The number you are dividing by






44. Something that is expected to return a profit






45. Parts of a whole number






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






47. The number to be divided by






48. Simple and compound






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






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