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 depreciation of an asset as an expense






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






3. Per day






4. Costs that remain constant






5. The borrower






6. Interest calculated on the principle






7. Investing in a well-established company






8. Interest is paid twice a year






9. of one hundred






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






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






12. Security for a loan






13. Parts of a whole number






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






15. Part ownership in a company






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






17. Commission fee - inflation rate - capital gains tax






18. The lender






19. Interest is paid once a year






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






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






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






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






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






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






26. Interest is paid twelve times a year






27. The unexpected variablility of returns






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






29. Interest calculated on the principal plus any accumulated interest






30. Paid dividends after the preference shares have been paid






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






32. The length of time until the debt is zero






33. The first number






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






35. The final figures






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






37. The highest number in a group of data






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






39. A percentage discount to customers






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






41. Time worked beyond the established working hours






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






43. The score that falls in the middle






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






45. Interest is paid 365 times a year






46. A portion of the population being studied






47. Something that is expected to return a profit






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






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






50. Costs that fluctuate