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






2. The score that falls in the middle






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






4. The first number






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






6. Interest is paid four times a year






7. Per day






8. The number to be divided by






9. A bill






10. Non-payment






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






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






13. The depreciation of an asset as an expense






14. The owner of the property






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






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






17. Paid in full






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






19. Investing in a well-established company






20. Number calculated from population data






21. A series of discounts






22. of one hundred






23. Interest is paid twelve times a year






24. The length of time until the debt is zero






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






26. Interest is paid 365 times a year






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






28. The unexpected variablility of returns






29. Things you own






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






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






32. An item of data the stays the same






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






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






35. The lender






36. Interest calculated on the principal plus any accumulated interest






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






38. A portion of the population being studied






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






40. Simple and compound






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






42. Something that is expected to return a profit






43. Costs that fluctuate






44. Paid dividends after the preference shares have been paid






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






46. The total of units multiplied by the price






47. Amounts of money you owe






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






49. A loan






50. Costs that remain constant