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 highest number in a group of data






2. Amounts of money you owe






3. Parts of a whole number






4. A percentage discount to customers






5. Interest is paid twice a year






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






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






8. Interest calculated on the principal plus any accumulated interest






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






10. The final figures






11. Preference and common






12. Costs that fluctuate






13. The total of units multiplied by the price






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






15. The lender






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






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






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






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






20. Investing in a well-established company






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






22. An item of data the stays the same






23. The lowest number in a group of data






24. Paid in full






25. of one hundred






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






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






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






29. Costs that remain constant






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






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






32. The owner of the property






33. When two ratios are equal






34. Interest is paid twelve times a year






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






36. A number calculated from sample data






37. Non-payment






38. Part ownership in a company






39. Interest is paid four times a year






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






41. The unexpected variablility of returns






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






43. Number calculated from population data






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






45. The number to be divided by






46. A comparison of two numbers






47. Interest calculated on the principle






48. A bill






49. The score that falls in the middle






50. A rate that one currency can be exchanged for another