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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. The lender






2. Per annum - yearly






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






4. you may get a large return or get nothing






5. The number you are multipliying by






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






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






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






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






10. A percentage discount to customers






11. A number calculated from sample data






12. Algebraic - arithmetic






13. The score that falls in the middle






14. The owner of the property






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






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






17. Something that is expected to return a profit






18. Interest is paid four times a year






19. Interest is paid once a year






20. Time worked beyond the established working hours






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






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






23. Interest calculated on the principle






24. Interest is paid twelve times a year






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






26. An item of data the stays the same






27. The first number






28. Amounts of money you owe






29. of one hundred






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






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






32. The number to be divided by






33. When two ratios are equal






34. Things you own






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






36. Paid dividends after the preference shares have been paid






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






38. Deciding if its worth the risk






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






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






41. The highest number in a group of data






42. The unexpected variablility of returns






43. Per day






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






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






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






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






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






49. Investing in a well-established company






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