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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 first number






2. The unexpected variablility of returns






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






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






5. When two ratios are equal






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






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






8. Things you own






9. The final figures






10. The depreciation of an asset as an expense






11. A number calculated from sample data






12. of one hundred






13. Time worked beyond the established working hours






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






15. The lender






16. A comparison of two numbers






17. A bill






18. Non-payment






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






20. The score that falls in the middle






21. The highest number in a group of data






22. The lowest number in a group of data






23. Deciding if its worth the risk






24. Preference and common






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






26. The number to be divided by






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






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






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






30. A series of discounts






31. Number calculated from population data






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






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






34. Simple and compound






35. The amount of money borrowed is less than 75% of the purchase price






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






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






38. The owner of the property






39. Costs that fluctuate






40. A loan






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






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






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






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






45. Parts of a whole number






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






47. Per annum - yearly






48. The borrower






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






50. Interest calculated on the principal plus any accumulated interest