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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. Interest calculated on the principle






2. Share of the profits of a company






3. Commission fee - inflation rate - capital gains tax






4. A loan






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






6. Number calculated from population data






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






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






9. A percentage discount to customers






10. Interest calculated on the principal plus any accumulated interest






11. Non-payment






12. A comparison of two numbers






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






14. A bill






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






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






17. A number calculated from sample data






18. A series of discounts






19. Amounts of money you owe






20. The total of units multiplied by the price






21. The depreciation of an asset as an expense






22. When two ratios are equal






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






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






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






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






27. The number you are multipliying by






28. of one hundred






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






30. Things you own






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






32. The first number






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






34. The unexpected variablility of returns






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






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






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






38. Interest is paid twelve times a year






39. Interest is paid 365 times a year






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






41. A portion of the population being studied






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






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






44. Investing in a well-established company






45. Per day






46. The highest number in a group of data






47. The number to be divided by






48. The length of time until the debt is zero






49. Costs that remain constant






50. The length of the loan







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Can you answer 50 questions in 15 minutes?


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