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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. Share of the profits of a company






2. Time worked beyond the established working hours






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






4. Interest is paid twelve times a year






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






6. Per annum - yearly






7. A bill






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






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






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






11. Preference and common






12. The number to be divided by






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






14. Things you own






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






16. Per day






17. The length of the loan






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






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






20. Costs that remain constant






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






22. Interest calculated on the principle






23. Part ownership in a company






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






25. The number you are dividing by






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






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






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






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






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






31. Interest is paid 365 times a year






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






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






34. The number you are multipliying by






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






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






37. Paid dividends after the preference shares have been paid






38. A percentage discount to customers






39. Something that is expected to return a profit






40. The depreciation of an asset as an expense






41. Non-payment






42. The total of units multiplied by the price






43. Paid in full






44. The length of time until the debt is zero






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






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






47. Simple and compound






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






49. Number calculated from population data






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







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Can you answer 50 questions in 15 minutes?


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