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






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






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






4. you may get a large return or get nothing






5. Interest calculated on the principle






6. A percentage discount to customers






7. Investing in a well-established company






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






9. Preference and common






10. Non-payment






11. Algebraic - arithmetic






12. The borrower






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






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






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






16. Part ownership in a company






17. Paid dividends after the preference shares have been paid






18. A portion of the population being studied






19. The unexpected variablility of returns






20. Paid in full






21. The score that falls in the middle






22. Things you own






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






24. Interest is paid four times a year






25. Simple and compound






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






27. A loan






28. Interest is paid twelve times a year






29. The number to be divided by






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






31. Share of the profits of a company






32. The final figures






33. A comparison of two numbers






34. The lowest number in a group of data






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






36. Interest is paid twice a year






37. Interest calculated on the principal plus any accumulated interest






38. An item of data the stays the same






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






40. The length of time until the debt is zero






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






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






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






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






45. The depreciation of an asset as an expense






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






47. The number you are dividing by






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






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






50. Interest is paid once a year