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






2. The final figures






3. The total of units multiplied by the price






4. Algebraic - arithmetic






5. Investing in a well-established company






6. A number calculated from sample data






7. Interest is paid four times a year






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






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






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






11. Things you own






12. The number to be divided by






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






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






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






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






17. An item of data the stays the same






18. A series of discounts






19. The length of the loan






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






21. Interest is paid twice a year






22. Interest calculated on the principal plus any accumulated interest






23. Part ownership in a company






24. Interest is paid 365 times a year






25. you may get a large return or get nothing






26. Deciding if its worth the risk






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






28. Amounts of money you owe






29. Interest calculated on the principle






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






31. Per annum - yearly






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






33. A loan






34. Where info is collected for every unit of the population






35. The lender






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






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






38. Preference and common






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






40. Costs that fluctuate






41. Non-payment






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






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






44. The length of time until the debt is zero






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






46. Parts of a whole number






47. When two ratios are equal






48. The borrower






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






50. Paid in full