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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. you may get a large return or get nothing






2. Interest is paid twice a year






3. Commission fee - inflation rate - capital gains tax






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






5. Costs that fluctuate






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






7. Parts of a whole number






8. An item of data the stays the same






9. Per day






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






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






12. The length of the loan






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






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






15. Interest calculated on the principle






16. Interest calculated on the principal plus any accumulated interest






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






18. Algebraic - arithmetic






19. The length of time until the debt is zero






20. A number calculated from sample data






21. The unexpected variablility of returns






22. The lowest number in a group of data






23. of one hundred






24. Something that is expected to return a profit






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






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






27. A comparison of two numbers






28. Per annum - yearly






29. The depreciation of an asset as an expense






30. Things you own






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






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






33. Paid dividends after the preference shares have been paid






34. Security for a loan






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






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






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






38. A series of discounts






39. Time worked beyond the established working hours






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






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






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






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






44. Costs that remain constant






45. When two ratios are equal






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






47. Interest is paid once a year






48. Amounts of money you owe






49. The number to be divided by






50. The number you are multipliying by






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