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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. Costs that remain constant






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






3. Non-payment






4. An item of data the stays the same






5. The lowest number in a group of data






6. A bill






7. Interest is paid twice a year






8. The number you are dividing by






9. Amounts of money you owe






10. The owner of the property






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






12. The unexpected variablility of returns






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






14. Security for a loan






15. A series of discounts






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






17. Something that is expected to return a profit






18. Investing in a well-established company






19. Part ownership in a company






20. Commission fee - inflation rate - capital gains tax






21. The highest number in a group of data






22. Interest is paid 365 times a year






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






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






25. Things you own






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






27. of one hundred






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






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






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






31. The depreciation of an asset as an expense






32. Paid dividends after the preference shares have been paid






33. The borrower






34. The length of time until the debt is zero






35. A number calculated from sample data






36. Interest calculated on the principle






37. The first number






38. A percentage discount to customers






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






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






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






42. The lender






43. Interest is paid four times a year






44. Algebraic - arithmetic






45. Number calculated from population data






46. Per day






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






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






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






50. Preference and common