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






2. Costs that fluctuate






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






4. Interest calculated on the principal plus any accumulated interest






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






6. Part ownership in a company






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






8. A percentage discount to customers






9. Amounts of money you owe






10. The final figures






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






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






13. The borrower






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






15. Something that is expected to return a profit






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






17. A loan






18. Deciding if its worth the risk






19. Per annum - yearly






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






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






22. The lender






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






24. The total of units multiplied by the price






25. The owner of the property






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






27. Money given to someone on condition the person will return the money and interest by a specific date






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






29. The highest number in a group of data






30. Simple and compound






31. Interest is paid twelve times a year






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






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






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






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






36. Interest is paid twice a year






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






38. The number to be divided by






39. Costs that remain constant






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






41. Interest calculated on the principle






42. Security for a loan






43. The score that falls in the middle






44. Number calculated from population data






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






46. The first number






47. The depreciation of an asset as an expense






48. A number calculated from sample data






49. A comparison of two numbers






50. Share of the profits of a company







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Can you answer 50 questions in 15 minutes?


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