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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. The unexpected variablility of returns






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






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






4. A bill






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






6. Time worked beyond the established working hours






7. The owner of the property






8. The total of units multiplied by the price






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






10. Paid dividends after the preference shares have been paid






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






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






13. The borrower






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






15. Amounts of money you owe






16. Per annum - yearly






17. Interest calculated on the principle






18. A loan






19. Investing in a well-established company






20. Commission fee - inflation rate - capital gains tax






21. Security for a loan






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






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






24. The depreciation of an asset as an expense






25. Paid in full






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






27. Share of the profits of a company






28. The lender






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






30. The length of the loan






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






32. Interest calculated on the principal plus any accumulated interest






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






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






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






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






37. The length of time until the debt is zero






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






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






40. of one hundred






41. The first number






42. Costs that fluctuate






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






44. Something that is expected to return a profit






45. A portion of the population being studied






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






47. Interest is paid twelve times a year






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






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






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