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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 fluctuate






2. A portion of the population being studied






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






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






5. Preference and common






6. Per day






7. Interest is paid once a year






8. A percentage discount to customers






9. A bill






10. The borrower






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






12. Per annum - yearly






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






14. Costs that remain constant






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






16. Interest calculated on the principal plus any accumulated interest






17. Interest is paid twice a year






18. Amounts of money you owe






19. Algebraic - arithmetic






20. The number you are multipliying by






21. The length of the loan






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






23. Interest calculated on the principle






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






25. of one hundred






26. Time worked beyond the established working hours






27. The number you are dividing by






28. The highest number in a group of data






29. A loan






30. The unexpected variablility of returns






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






32. Things you own






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






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






35. The owner of the property






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






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






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






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






40. Investing in a well-established company






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






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






43. The depreciation of an asset as an expense






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






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






46. Paid dividends after the preference shares have been paid






47. The first number






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






49. The length of time until the debt is zero






50. you may get a large return or get nothing