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






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






3. Simple and compound






4. Things you own






5. Investing in a well-established company






6. The lender






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






8. The first number






9. An item of data the stays the same






10. The owner of the property






11. electronic - portable (pocket) - computer - spreadsheets






12. Something that is expected to return a profit






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






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






15. The number to be divided by






16. The highest number in a group of data






17. Commission fee - inflation rate - capital gains tax






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






19. The final figures






20. When two ratios are equal






21. Amounts of money you owe






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






23. Interest is paid once a year






24. The borrower






25. Costs that remain constant






26. The score that falls in the middle






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






28. A number calculated from sample data






29. Number calculated from population data






30. The unexpected variablility of returns






31. Costs that fluctuate






32. A portion of the population being studied






33. The number you are dividing by






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






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






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






37. A bill






38. A percentage discount to customers






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






40. Share of the profits of a company






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






42. A loan






43. Time worked beyond the established working hours






44. Interest calculated on the principal plus any accumulated interest






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






46. Interest is paid four times a year






47. The total of units multiplied by the price






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






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






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