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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. An item of data the stays the same






3. Something that is expected to return a profit






4. A series of discounts






5. Preference and common






6. Deciding if its worth the risk






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






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






9. Interest is paid four times a year






10. Costs that remain constant






11. Interest is paid 365 times a year






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






13. Paid dividends after the preference shares have been paid






14. Parts of a whole number






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






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






17. A bill






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






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






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






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






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






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






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






25. A number calculated from sample data






26. Investing in a well-established company






27. Costs that fluctuate






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






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






30. Number calculated from population data






31. Security for a loan






32. The lender






33. The depreciation of an asset as an expense






34. Part ownership in a company






35. The unexpected variablility of returns






36. The length of time until the debt is zero






37. you may get a large return or get nothing






38. Per day






39. Interest calculated on the principle






40. The highest number in a group of data






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






42. A portion of the population being studied






43. Time worked beyond the established working hours






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






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






46. The length of the loan






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






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






49. The borrower






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