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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 final figures






2. Interest is paid once a year






3. Costs that remain constant






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






5. A loan






6. A percentage discount to customers






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






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






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






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






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






12. The score that falls in the middle






13. Interest is paid twelve times a year






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






15. A portion of the population being studied






16. The length of the loan






17. Part ownership in a company






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






19. Simple and compound






20. Things you own






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






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






23. Something that is expected to return a profit






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






25. The owner of the property






26. The highest number in a group of data






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






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






29. Paid dividends after the preference shares have been paid






30. A bill






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






32. Security for a loan






33. you may get a large return or get nothing






34. Interest calculated on the principal plus any accumulated interest






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






36. Deciding if its worth the risk






37. Interest calculated on the principle






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






39. Per day






40. The number you are dividing by






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






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






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






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






45. The depreciation of an asset as an expense






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






47. Amounts of money you owe






48. Paid in full






49. Algebraic - arithmetic






50. Non-payment