## 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. Parts of a whole number**

**2. The lender**

**3. Number calculated from population data**

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

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

**6. The most frequently occuring value in a group of data**

**7. real estate (houses - condos - warehouses - factories - etc)**

**8. Paid in full**

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

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

**11. The first number**

**12. Where info is collected for every unit of the population**

**13. Investing in a well-established company**

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

**15. When two ratios are equal**

**16. Simple and compound**

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

**18. Interest calculated on the principle**

**19. Costs that remain constant**

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

**21. Commission fee - inflation rate - capital gains tax**

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

**23. The final figures**

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

**25. A comparison of two numbers**

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

**27. The depreciation of an asset as an expense**

**28. The number to be divided by**

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

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

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

**32. The owner of the property**

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

**34. Part ownership in a company**

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

**36. Non-payment**

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

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

**39. Algebraic - arithmetic**

**40. Costs that fluctuate**

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

**42. The number you are dividing by**

**43. The borrower**

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

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

**46. A loan**

**47. A rate that one currency can be exchanged for another**

**48. Time worked beyond the established working hours**

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

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