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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. Costs that remain constant






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






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






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






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






7. A portion of the population being studied






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






9. Paid dividends after the preference shares have been paid






10. A loan






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






12. An item of data the stays the same






13. Parts of a whole number






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






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






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






17. The highest number in a group of data






18. When two ratios are equal






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






20. Interest is paid four times a year






21. Interest is paid twice a year






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






23. A bill






24. Paid in full






25. Interest calculated on the principle






26. The number you are dividing by






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






28. The first number






29. Interest calculated on the principal plus any accumulated interest






30. Costs that fluctuate






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






32. The length of time until the debt is zero






33. The number to be divided by






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






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






36. The lender






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






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






39. Number calculated from population data






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






41. of one hundred






42. The total of units multiplied by the price






43. Share of the profits of a company






44. The lowest number in a group of data






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






46. The borrower






47. Interest is paid twelve times a year






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






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






50. Commission fee - inflation rate - capital gains tax