## 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. 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**