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






2. Security for a loan






3. Share of the profits of a company






4. The lowest number in a group of data






5. Paid dividends after the preference shares have been paid






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






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






8. Number calculated from population data






9. Interest calculated on the principle






10. Costs that remain constant






11. A loan






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






13. The lender






14. Interest is paid four times a year






15. of one hundred






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






17. The number you are multipliying by






18. Interest is paid 365 times a year






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






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






21. The length of the loan






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






23. Costs that fluctuate






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






25. Part ownership in a company






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






27. The borrower






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






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






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






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






32. Interest is paid twice a year






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






34. The number you are dividing by






35. The number to be divided by






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






37. A percentage discount to customers






38. An item of data the stays the same






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






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






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






42. Paid in full






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






44. The length of time until the debt is zero






45. A bill






46. A number calculated from sample data






47. Per annum - yearly






48. Something that is expected to return a profit






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






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






Can you answer 50 questions in 15 minutes?



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