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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. Costs that fluctuate






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






4. Interest calculated on the principal plus any accumulated interest






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






6. The length of the loan






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






8. of one hundred






9. Interest is paid 365 times a year






10. Algebraic - arithmetic






11. Per annum - yearly






12. The number you are dividing by






13. Number calculated from population data






14. Amounts of money you owe






15. Commission fee - inflation rate - capital gains tax






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






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






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






19. Interest is paid twice a year






20. A portion of the population being studied






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






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






23. Paid dividends after the preference shares have been paid






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






25. Parts of a whole number






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






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






28. A loan






29. The number you are multipliying by






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






31. Interest is paid once a year






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






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






34. The lowest number in a group of data






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






36. Things you own






37. Costs that remain constant






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






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






40. The number to be divided by






41. The first number






42. The total of units multiplied by the price






43. Part ownership in a company






44. The score that falls in the middle






45. The depreciation of an asset as an expense






46. When two ratios are equal






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






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






49. Share of the profits of a company






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