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 total of units multiplied by the price






2. The score that falls in the middle






3. A series of discounts






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






5. The number to be divided by






6. Interest is paid twice a year






7. The highest number in a group of data






8. The final figures






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






10. Indicators of the confidence investors have in a company (the higher the better)






11. The unexpected variablility of returns






12. Per annum - yearly






13. The borrower






14. Paid in full






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






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






17. of one hundred






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






19. Interest is paid once a year






20. The lowest number in a group of data






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






22. Paid dividends after the preference shares have been paid






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






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






25. Interest calculated on the principle






26. The owner of the property






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






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






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






30. A loan






31. A percentage discount to customers






32. The number you are multipliying by






33. Interest is paid twelve times a year






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






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






36. Parts of a whole number






37. Share of the profits of a company






38. The number you are dividing by






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






40. Costs that remain constant






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






42. Security for a loan






43. A portion of the population being studied






44. Amounts of money you owe






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






46. When two ratios are equal






47. Time worked beyond the established working hours






48. Algebraic - arithmetic






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






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