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






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






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






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






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






7. A series of discounts






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






9. of one hundred






10. The length of the loan






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






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






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






14. A percentage discount to customers






15. you may get a large return or get nothing






16. An item of data the stays the same






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






18. Investing in a well-established company






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






20. Share of the profits of a company






21. Simple and compound






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






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






24. Interest calculated on the principle






25. Parts of a whole number






26. Something that is expected to return a profit






27. The number you are dividing by






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






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






30. The borrower






31. The final figures






32. Interest is paid 365 times a year






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






34. Algebraic - arithmetic






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






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






37. The first number






38. Deciding if its worth the risk






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






40. When two ratios are equal






41. The total of units multiplied by the price






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






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






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






45. Interest is paid four times a year






46. Part ownership in a company






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






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






49. Non-payment






50. The unexpected variablility of returns