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






2. Parts of a whole number






3. Algebraic - arithmetic






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






5. Interest is paid 365 times a year






6. Part ownership in a company






7. Things you own






8. Costs that remain constant






9. The score that falls in the middle






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






11. Number calculated from population data






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






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






14. Non-payment






15. Interest is paid four times a year






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






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






18. Share of the profits of a company






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






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






21. Per annum - yearly






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






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






24. The number to be divided by






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






26. A loan






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






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






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






30. The number you are multipliying by






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






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






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






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






35. Investing in a well-established company






36. The depreciation of an asset as an expense






37. you may get a large return or get nothing






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






39. The number you are dividing by






40. Amounts of money you owe






41. Per day






42. The length of time until the debt is zero






43. A comparison of two numbers






44. of one hundred






45. Interest is paid twelve times a year






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






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






48. Commission fee - inflation rate - capital gains tax






49. Time worked beyond the established working hours






50. Interest calculated on the principle