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






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






3. A bill






4. Number calculated from population data






5. The total of units multiplied by the price






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






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






8. Investing in a well-established company






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






10. Costs that remain constant






11. The owner of the property






12. Adding columns of figures horizontally and vertically to check that the totals agree






13. Per day






14. The borrower






15. The number you are dividing by






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






17. Costs that fluctuate






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






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






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






21. Parts of a whole number






22. Commission fee - inflation rate - capital gains tax






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






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






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






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






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






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






29. Amounts of money you owe






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






31. The lowest number in a group of data






32. Part ownership in a company






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






34. Interest is paid twelve times a year






35. The first number






36. Time worked beyond the established working hours






37. The number you are multipliying by






38. The length of the loan






39. Interest is paid once a year






40. Things you own






41. The unexpected variablility of returns






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






43. The lender






44. The highest number in a group of data






45. When two ratios are equal






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






47. A portion of the population being studied






48. The info collected from a survey and the figures generated through statistical analysis






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






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







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Can you answer 50 questions in 15 minutes?


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