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






2. Paid in full






3. A comparison of two numbers






4. An item of data the stays the same






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






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






7. The borrower






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






9. The number you are dividing by






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






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






12. A number calculated from sample data






13. of one hundred






14. Paid dividends after the preference shares have been paid






15. Deciding if its worth the risk






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






17. Interest calculated on the principle






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






19. The final figures






20. The lowest number in a group of data






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






22. Costs that remain constant






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






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






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






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






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






28. Per annum - yearly






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






30. When two ratios are equal






31. Interest calculated on the principal plus any accumulated interest






32. The number to be divided by






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






34. The depreciation of an asset as an expense






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






36. Amounts of money you owe






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






38. Commission fee - inflation rate - capital gains tax






39. The owner of the property






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






41. Simple and compound






42. The first number






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






44. Time worked beyond the established working hours






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






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






47. Per day






48. Number calculated from population data






49. Investing in a well-established company






50. The highest number in a group of data