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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. The length of time until the debt is zero






2. The length of the loan






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






4. Costs that remain constant






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






6. A percentage discount to customers






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






8. The number you are multipliying by






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






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






11. A bill






12. real estate (houses - condos - warehouses - factories - etc)






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






14. Something that is expected to return a profit






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






16. The number you are dividing by






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






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






19. Shows the money coming in and expenses for a certain period of time.






20. Paid in full






21. Per annum - yearly






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






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






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






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






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






27. Costs that fluctuate






28. Per day






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






30. The price after any down-payment or trade-in






31. The first number






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






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






34. The total of units multiplied by the price






35. Things you own






36. Interest is paid twelve times a year






37. Paid dividends after the preference shares have been paid






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






39. Interest is paid twice a year






40. Investing in a well-established company






41. Number calculated from population data






42. loans to companies or goverments (no voting rights)






43. Amounts of money you owe






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






45. The number to be divided by






46. The highest number in a group of data






47. Security for a loan






48. The unexpected variablility of returns






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






50. Preference and common