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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. Share of the profits of a company






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






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






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






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






6. The highest number in a group of data






7. Paid dividends after the preference shares have been paid






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






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






10. The lender






11. The score that falls in the middle






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






13. A number calculated from sample data






14. A series of discounts






15. Preference and common






16. Things you own






17. Interest calculated on the principle






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






19. Interest is paid twelve times a year






20. The length of the loan






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






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






23. A bill






24. Paid in full






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






26. Non-payment






27. Something that is expected to return a profit






28. The lowest number in a group of data






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






30. An item of data the stays the same






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






32. A portion of the population being studied






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






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






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






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






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






38. Interest is paid once a year






39. The first number






40. When two ratios are equal






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






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






43. Part ownership in a company






44. Interest calculated on the principal plus any accumulated interest






45. Costs that fluctuate






46. The borrower






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






48. The length of time until the debt is zero






49. Per annum - yearly






50. Interest is paid 365 times a year