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 depreciation of an asset as an expense






2. Interest is paid four times a year






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






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






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






6. Interest calculated on the principle






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






8. Something that is expected to return a profit






9. The number to be divided by






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






11. An item of data the stays the same






12. Investing in a well-established company






13. Interest is paid twice a year






14. The length of the loan






15. A portion of the population being studied






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






17. Time worked beyond the established working hours






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






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






20. A bill






21. When two ratios are equal






22. The score that falls in the middle






23. The number you are dividing by






24. The highest number in a group of data






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






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






27. The lowest number in a group of data






28. The lender






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






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






31. Costs that remain constant






32. The unexpected variablility of returns






33. Algebraic - arithmetic






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






35. The owner of the property






36. Interest is paid 365 times a year






37. Number calculated from population data






38. Paid in full






39. The borrower






40. Deciding if its worth the risk






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






42. Interest is paid twelve times a year






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






44. you may get a large return or get nothing






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






46. A comparison of two numbers






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






48. The total of units multiplied by the price






49. Part ownership in a company






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