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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. Algebraic - arithmetic






2. Security for a loan






3. The lowest number in a group of data






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






5. Preference and common






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






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






8. The length of the loan






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






10. Parts of a whole number






11. The length of time until the debt is zero






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






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






14. The owner of the property






15. Interest calculated on the principle






16. Something that is expected to return a profit






17. A portion of the population being studied






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






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






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






21. The unexpected variablility of returns






22. Number calculated from population data






23. Interest is paid four times a year






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






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






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






27. The number you are dividing by






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






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






30. A series of discounts






31. Paid dividends after the preference shares have been paid






32. The lender






33. The total of units multiplied by the price






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






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






36. The borrower






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






38. Per day






39. Part ownership in a company






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






41. A loan






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






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






44. Commission fee - inflation rate - capital gains tax






45. A percentage discount to customers






46. The number you are multipliying by






47. Time worked beyond the established working hours






48. The depreciation of an asset as an expense






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






50. The final figures