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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. Algebraic - arithmetic






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






3. you may get a large return or get nothing






4. Something that is expected to return a profit






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






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






7. Investing in a well-established company






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






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






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






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






12. Interest is paid twice a year






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






14. The final figures






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






16. The length of time until the debt is zero






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






18. Interest is paid once a year






19. The number you are dividing by






20. The unexpected variablility of returns






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






22. Simple and compound






23. Commission fee - inflation rate - capital gains tax






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






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






26. Interest is paid twelve times a year






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






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






29. The first number






30. Per annum - yearly






31. The score that falls in the middle






32. Time worked beyond the established working hours






33. The number you are multipliying by






34. The owner of the property






35. A series of discounts






36. Number calculated from population data






37. A number calculated from sample data






38. Amounts of money you owe






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






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






41. Costs that fluctuate






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






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






44. The lender






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






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






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






48. Deciding if its worth the risk






49. Things you own






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