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






2. The depreciation of an asset as an expense






3. A loan






4. The number you are dividing by






5. The score that falls in the middle






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






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






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






9. Interest is paid twice a year






10. of one hundred






11. The owner of the property






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






13. The length of time until the debt is zero






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






15. Time worked beyond the established working hours






16. Share of the profits of a company






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






18. A series of discounts






19. A portion of the population being studied






20. Discounts offered to encourage customers to pay their bills on time






21. Algebraic - arithmetic






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






23. A percentage discount to customers






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






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






26. The final figures






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






28. Paid in full






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






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






31. Non-payment






32. Simple and compound






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






34. Preference and common






35. The borrower






36. Paid dividends after the preference shares have been paid






37. A comparison of two numbers






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






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






40. Parts of a whole number






41. Interest calculated on the principal plus any accumulated interest






42. Per annum - yearly






43. The number you are multipliying by






44. Security for a loan






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






46. The lowest number in a group of data






47. Commission fee - inflation rate - capital gains tax






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






49. The total of units multiplied by the price






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