## 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. of one hundred**

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

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

**4. Things you own**

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

**6. Part ownership in a company**

**7. Number calculated from population data**

**8. you may get a large return or get nothing**

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

**10. The first number**

**11. When two ratios are equal**

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

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

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

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

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

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

**18. Paid in full**

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

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

**21. The lender**

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

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

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

**25. A comparison of two numbers**

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

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

**28. Algebraic - arithmetic**

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

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

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

**32. Parts of a whole number**

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

**34. The final figures**

**35. The unexpected variablility of returns**

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

**37. Preference and common**

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

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

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

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

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

**43. A bill**

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

**45. Deciding if its worth the risk**

**46. The number you are multipliying by**

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

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

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

**50. A series of discounts**