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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. A number calculated from sample data






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






3. The length of time until the debt is zero






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






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






6. The first number






7. of one hundred






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






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






10. Interest calculated on the principal plus any accumulated interest






11. The depreciation of an asset as an expense






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






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






14. Amounts of money you owe






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






16. A percentage discount to customers






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






18. Things you own






19. Interest is paid four times a year






20. you may get a large return or get nothing






21. Interest is paid twelve times a year






22. Algebraic - arithmetic






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






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






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






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






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






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






29. Interest is paid once a year






30. A bill






31. Costs that fluctuate






32. The number you are multipliying by






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






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






35. Something that is expected to return a profit






36. A comparison of two numbers






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






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






39. Non-payment






40. Deciding if its worth the risk






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






42. The lender






43. An item of data the stays the same






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






45. The person paying to borrow property for a certain amount of time for payments






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






47. Interest is paid 365 times a year






48. The number you are dividing by






49. Preference and common






50. Paid dividends after the preference shares have been paid