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






2. The borrower






3. Amounts of money you owe






4. The number you are dividing by






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






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






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






8. Paid in full






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






10. An item of data the stays the same






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






12. The owner of the property






13. A percentage discount to customers






14. Interest is paid once a year






15. The number to be divided by






16. Part ownership in a company






17. Paid dividends after the preference shares have been paid






18. Simple and compound






19. A portion of the population being studied






20. Preference and common






21. Share of the profits of a company






22. Things you own






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






24. Security for a loan






25. Investing in a well-established company






26. of one hundred






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






28. Interest is paid four times a year






29. A number calculated from sample data






30. Number calculated from population data






31. The highest number in a group of data






32. A series of discounts






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






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






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






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






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






38. The final figures






39. Per day






40. A comparison of two numbers






41. Interest calculated on the principle






42. The depreciation of an asset as an expense






43. The score that falls in the middle






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






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






46. A bill






47. The lender






48. The total of units multiplied by the price






49. Algebraic - arithmetic






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