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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 score that falls in the middle






2. Interest is paid four times a year






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






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






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






6. A series of discounts






7. Interest calculated on the principal plus any accumulated interest






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






9. A percentage discount to customers






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






11. Paid dividends after the preference shares have been paid






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






13. The owner of the property






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






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. loans to companies or goverments (no voting rights)






18. A loan






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






20. A number calculated from sample data






21. Interest is paid twice a year






22. Costs that fluctuate






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






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






25. A portion of the population being studied






26. Costs that remain constant






27. Something that is expected to return a profit






28. Interest is paid twelve times a year






29. The first number






30. Deciding if its worth the risk






31. The total of units multiplied by the price






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






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






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






35. The length of the loan






36. Investing in a well-established company






37. Interest is paid once a year






38. Per annum - yearly






39. Preference and common






40. The borrower






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






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






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






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






45. A bill






46. The lender






47. A comparison of two numbers






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






49. Interest is paid 365 times a year






50. The unexpected variablility of returns