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






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






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






4. The final figures






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






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






7. The highest number in a group of data






8. A portion of the population being studied






9. Interest is paid twelve times a year






10. The lowest number in a group of data






11. Costs that fluctuate






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






13. The number you are multipliying by






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






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






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






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






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






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






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






21. When two ratios are equal






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






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






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






25. A loan






26. Paid dividends after the preference shares have been paid






27. An item of data the stays the same






28. The lender






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






30. Interest is paid four times a year






31. Per annum - yearly






32. Investing in a well-established company






33. Deciding if its worth the risk






34. Things you own






35. Time worked beyond the established working hours






36. A comparison of two numbers






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






38. The length of the loan






39. Simple and compound






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






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






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






43. Costs that remain constant






44. Share of the profits of a company






45. Interest is paid twice a year






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






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






48. of one hundred






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






50. A bill