## 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. Share of the profits of a company**

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

**3. The price after any down-payment or trade-in**

**4. Money earned on an investment or paid on a loan**

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

**6. The highest number in a group of data**

**7. Paid dividends after the preference shares have been paid**

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

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

**10. The lender**

**11. The score that falls in the middle**

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

**13. A number calculated from sample data**

**14. A series of discounts**

**15. Preference and common**

**16. Things you own**

**17. Interest calculated on the principle**

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

**19. Interest is paid twelve times a year**

**20. The length of the loan**

**21. Discounts offered to encourage customers to pay their bills on time**

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

**23. A bill**

**24. Paid in full**

**25. loans to companies or goverments (no voting rights)**

**26. Non-payment**

**27. Something that is expected to return a profit**

**28. The lowest number in a group of data**

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

**30. An item of data the stays the same**

**31. The amount the property is worth at the end of the lease**

**32. A portion of the population being studied**

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

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

**35. electronic - portable (pocket) - computer - spreadsheets**

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

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

**38. Interest is paid once a year**

**39. The first number**

**40. When two ratios are equal**

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

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

**43. Part ownership in a company**

**44. Interest calculated on the principal plus any accumulated interest**

**45. Costs that fluctuate**

**46. The borrower**

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

**48. The length of time until the debt is zero**

**49. Per annum - yearly**

**50. Interest is paid 365 times a year**