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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. Deciding if its worth the risk






2. you may get a large return or get nothing






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






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






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






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






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






8. A portion of the population being studied






9. The depreciation of an asset as an expense






10. The length of the loan






11. Costs that fluctuate






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






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






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






15. The lender






16. Time worked beyond the established working hours






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






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






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






20. A bill






21. Interest calculated on the principle






22. Investing in a well-established company






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






24. A loan






25. Non-payment






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






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






28. The unexpected variablility of returns






29. Per annum - yearly






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






31. The number to be divided by






32. The owner of the property






33. Something that is expected to return a profit






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






35. Per day






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






37. A percentage discount to customers






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






39. Commission fee - inflation rate - capital gains tax






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






41. An item of data the stays the same






42. Interest calculated on the principal plus any accumulated interest






43. The number you are dividing by






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






45. Amounts of money you owe






46. Preference and common






47. Interest is paid twice a year






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






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






50. A series of discounts