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






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






3. The depreciation of an asset as an expense






4. Per annum - yearly






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






6. Interest is paid 365 times a year






7. Something that is expected to return a profit






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






9. Paid in full






10. Parts of a whole number






11. Simple and compound






12. The highest number in a group of data






13. A comparison of two numbers






14. When two ratios are equal






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






16. Things you own






17. Interest calculated on the principle






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






19. Interest is paid twice a year






20. A loan






21. Part ownership in a company






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






23. Share of the profits of a company






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






25. A bill






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






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






28. you may get a large return or get nothing






29. The final figures






30. Time worked beyond the established working hours






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






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






33. Costs that remain constant






34. The total of units multiplied by the price






35. Non-payment






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






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






38. Security for a loan






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






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






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






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






43. A number calculated from sample data






44. Algebraic - arithmetic






45. Interest calculated on the principal plus any accumulated interest






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






47. Costs that fluctuate






48. Amounts of money you owe






49. The unexpected variablility of returns






50. The score that falls in the middle