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






2. The lender






3. Things you own






4. Paid in full






5. Interest calculated on the principal plus any accumulated interest






6. A comparison of two numbers






7. Costs that remain constant






8. The length of time until the debt is zero






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






10. Interest is paid once a year






11. A series of discounts






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






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






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






15. The number to be divided by






16. Interest is paid twelve times a year






17. An item of data the stays the same






18. Costs that fluctuate






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






20. Time worked beyond the established working hours






21. The score that falls in the middle






22. The final figures






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






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






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






26. Per annum - yearly






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






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






29. A number calculated from sample data






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






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






32. The highest number in a group of data






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






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






35. A bill






36. A loan






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






38. Part ownership in a company






39. of one hundred






40. The number you are dividing by






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






42. The lowest number in a group of data






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






44. you may get a large return or get nothing






45. Preference and common






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






47. Share of the profits of a company






48. A portion of the population being studied






49. Paid dividends after the preference shares have been paid






50. Security for a loan







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Can you answer 50 questions in 15 minutes?


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