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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 owner of the property






2. Deciding if its worth the risk






3. The borrower






4. Simple and compound






5. Commission fee - inflation rate - capital gains tax






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






7. The highest number in a group of data






8. The number to be divided by






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






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






11. Share of the profits of a company






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






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






14. The lowest number in a group of data






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






16. A portion of the population being studied






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






18. Preference and common






19. Costs that fluctuate






20. The unexpected variablility of returns






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






22. Interest is paid twelve times a year






23. Security for a loan






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






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






26. Interest is paid twice a year






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






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






29. The lender






30. The length of the loan






31. Interest calculated on the principle






32. Costs that remain constant






33. Money earned on an investment or paid on a loan






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






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






36. you may get a large return or get nothing






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






38. The number you are dividing by






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






40. A comparison of two numbers






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






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






43. Interest calculated on the principal plus any accumulated interest






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






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






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






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






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






49. Interest is paid once a year






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