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 comparison of two numbers






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






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






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






5. Share of the profits of a company






6. Interest is paid four times a year






7. A bill






8. Interest is paid twice a year






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






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






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






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






13. The number to be divided by






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






15. you may get a large return or get nothing






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






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






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






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






20. The total of units multiplied by the price






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






22. Things you own






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






24. A series of discounts






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






26. An item of data the stays the same






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






28. Per day






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






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






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






32. Preference and common






33. A number calculated from sample data






34. Interest calculated on the principle






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






36. Paid in full






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






38. Part ownership in a company






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






40. The lender






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






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






43. Commission fee - inflation rate - capital gains tax






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






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






46. The first number






47. Algebraic - arithmetic






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






49. Paid dividends after the preference shares have been paid






50. The depreciation of an asset as an expense