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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 complete set of individuals - objects or scores being studied






2. The length of the loan






3. Non-payment






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






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






6. The amount of money borrowed is between 75% - 95% of the purchase price






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






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






9. A loan






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






11. When two ratios are equal






12. Deciding if its worth the risk






13. Interest calculated on the principle






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






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






16. The length of time until the debt is zero






17. A series of discounts






18. Per day






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






20. A number calculated from sample data






21. A bill






22. The number you are multipliying by






23. A portion of the population being studied






24. The total of units multiplied by the price






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






26. An item of data the stays the same






27. Simple and compound






28. The number you are dividing by






29. Number calculated from population data






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






31. Time worked beyond the established working hours






32. The depreciation of an asset as an expense






33. The borrower






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






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






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






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






38. A percentage discount to customers






39. Paid dividends after the preference shares have been paid






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






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






42. The score that falls in the middle






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






44. Interest is paid once a year






45. The unexpected variablility of returns






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






47. Per annum - yearly






48. The lender






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






50. Costs that remain constant