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






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






3. The depreciation of an asset as an expense






4. Part ownership in a company






5. Interest is paid four times a year






6. The borrower






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






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






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






10. Interest is paid twelve times a year






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






12. An item of data the stays the same






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






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






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






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






17. The lowest number in a group of data






18. A portion of the population being studied






19. Paid dividends after the preference shares have been paid






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






21. you may get a large return or get nothing






22. A number calculated from sample data






23. Per day






24. A bill






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






26. The highest number in a group of data






27. The unexpected variablility of returns






28. The total of units multiplied by the price






29. Time worked beyond the established working hours






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






31. Interest calculated on the principal plus any accumulated interest






32. of one hundred






33. The first number






34. Preference and common






35. A series of discounts






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






37. Interest is paid 365 times a year






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






39. Things you own






40. Interest is paid twice a year






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






42. Amounts of money you owe






43. Paid in full






44. Algebraic - arithmetic






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






46. The final figures






47. A percentage discount to customers






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






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






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