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 first number






2. Amounts of money you owe






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






4. An item of data that has a different value at different times






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






6. The length of time until the debt is zero






7. Interest calculated on the principal plus any accumulated interest






8. A comparison of two numbers






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






10. The highest number in a group of data






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






12. The lowest number in a group of data






13. Per annum - yearly






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






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






16. Commission fee - inflation rate - capital gains tax






17. Number calculated from population data






18. Costs that remain constant






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






20. Something that is expected to return a profit






21. Interest is paid four times a year






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






23. A portion of the population being studied






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






25. Part ownership in a company






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






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






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






29. The number to be divided by






30. A number calculated from sample data






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






32. The number you are multipliying by






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






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






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






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






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






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






39. The depreciation of an asset as an expense






40. The score that falls in the middle






41. Interest is paid 365 times a year






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






43. Parts of a whole number






44. Costs that fluctuate






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






46. The number you are dividing by






47. A percentage discount to customers






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






49. Per day






50. The final figures