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






2. The score that falls in the middle






3. Share of the profits of a company






4. Preference and common






5. A decimal figure when x by 2400 gives an approximate annual interest rate






6. Costs that fluctuate






7. The highest number in a group of data






8. Part ownership in a company






9. of one hundred






10. The first number






11. Paid dividends after the preference shares have been paid






12. Time worked beyond the established working hours






13. The length of the loan






14. A series of discounts






15. Number calculated from population data






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






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






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






19. The total of units multiplied by the price






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






21. Interest is paid 365 times a year






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






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






24. An item of data the stays the same






25. The number you are dividing by






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






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






28. Interest calculated on the principal plus any accumulated interest






29. Amounts of money you owe






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






31. you may get a large return or get nothing






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






33. The final figures






34. A comparison of two numbers






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






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






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






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






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






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






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






42. When two ratios are equal






43. A bill






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






45. Paid in full






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






47. Deciding if its worth the risk






48. A loan






49. Interest is paid twelve times a year






50. Per annum - yearly