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






2. Interest calculated on the principle






3. Security for a loan






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






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






6. Things you own






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






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






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






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






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






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






13. The final figures






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






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






16. The score that falls in the middle






17. Simple and compound






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






19. Preference and common






20. A comparison of two numbers






21. Number calculated from population data






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






23. A number calculated from sample data






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






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






26. The lowest number in a group of data






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






28. Share of the profits of a company






29. An item of data the stays the same






30. The length of the loan






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






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






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






34. Interest is paid four times a year






35. Paid dividends after the preference shares have been paid






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






37. Interest is paid twice a year






38. The borrower






39. Costs that remain constant






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






41. The first number






42. A portion of the population being studied






43. Interest is paid 365 times a year






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






45. Amounts of money you owe






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






47. Deciding if its worth the risk






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






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






50. A percentage discount to customers