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DSST Business Math Vocab 2

  • Answer 50 questions in 15 minutes.
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  • 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. Deciding if its worth the risk

2. you may get a large return or get nothing

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

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

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

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

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

8. A portion of the population being studied

9. The depreciation of an asset as an expense

10. The length of the loan

11. Costs that fluctuate

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

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

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

15. The lender

16. Time worked beyond the established working hours

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

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

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

20. A bill

21. Interest calculated on the principle

22. Investing in a well-established company

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

24. A loan

25. Non-payment

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

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

28. The unexpected variablility of returns

29. Per annum - yearly

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

31. The number to be divided by

32. The owner of the property

33. Something that is expected to return a profit

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

35. Per day

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

37. A percentage discount to customers

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

39. Commission fee - inflation rate - capital gains tax

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

41. An item of data the stays the same

42. Interest calculated on the principal plus any accumulated interest

43. The number you are dividing by

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

45. Amounts of money you owe

46. Preference and common

47. Interest is paid twice a year

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

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

50. A series of discounts