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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. Simple and compound






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






3. Interest calculated on the principal plus any accumulated interest






4. Part ownership in a company






5. Things you own






6. Interest is paid once a year






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






8. Share of the profits of a company






9. A comparison of two numbers






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






11. The length of time until the debt is zero






12. The first number






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






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






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






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






17. Algebraic - arithmetic






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






19. Number calculated from population data






20. A portion of the population being studied






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






22. A number calculated from sample data






23. The unexpected variablility of returns






24. The number to be divided by






25. Costs that remain constant






26. Parts of a whole number






27. Costs that fluctuate






28. A bill






29. The lowest number in a group of data






30. An item of data the stays the same






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






32. Paid in full






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






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






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






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






37. Amounts of money you owe






38. Interest calculated on the principle






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






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






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






42. The lender






43. Security for a loan






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






45. Commission fee - inflation rate - capital gains tax






46. Something that is expected to return a profit






47. The final figures






48. The score that falls in the middle






49. A percentage discount to customers






50. The depreciation of an asset as an expense







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Can you answer 50 questions in 15 minutes?


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