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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. Preference and common






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






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






4. Parts of a whole number






5. Something that is expected to return a profit






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






7. A loan






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






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






10. The length of the loan






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






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






13. The amount the property is worth at the end of the lease






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






15. you may get a large return or get nothing






16. The depreciation of an asset as an expense






17. A percentage discount to customers






18. The unexpected variablility of returns






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






20. A comparison of two numbers






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






22. Security for a loan






23. Number calculated from population data






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






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






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






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






28. Interest calculated on the principle






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






30. Deciding if its worth the risk






31. When two ratios are equal






32. Per day






33. Per annum - yearly






34. The borrower






35. The number you are multipliying by






36. The owner of the property






37. A bill






38. The first number






39. A portion of the population being studied






40. Costs that remain constant






41. The length of time until the debt is zero






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






43. Part ownership in a company






44. An item of data the stays the same






45. Interest is paid 365 times a year






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






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






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






49. A number calculated from sample data






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