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. Paid in full






2. Amounts of money you owe






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






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






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






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






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






8. Per annum - yearly






9. The number to be divided by






10. Commission fee - inflation rate - capital gains tax






11. The score that falls in the middle






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






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






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






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






16. A bill






17. Things you own






18. An item of data the stays the same






19. The lender






20. More than one frequently occuring value in a group of data






21. When two ratios are equal






22. Parts of a whole number






23. Deciding if its worth the risk






24. Non-payment






25. The length of time until the debt is zero






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






27. The owner of the property






28. Interest is paid twice a year






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






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






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






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






33. Part ownership in a company






34. The first number






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






36. A comparison of two numbers






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






38. Simple and compound






39. Interest is paid 365 times a year






40. Preference and common






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






42. Share of the profits of a company






43. A loan






44. Costs that remain constant






45. Algebraic - arithmetic






46. Security for a loan






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






48. of one hundred






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






50. The borrower