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






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






3. Share of the profits of a company






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






5. A percentage discount to customers






6. The final figures






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






8. Something that is expected to return a profit






9. Interest is paid twelve times a year






10. A series of discounts






11. Commission fee - inflation rate - capital gains tax






12. Non-payment






13. Deciding if its worth the risk






14. The number to be divided by






15. Simple and compound






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






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






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






19. Interest calculated on the principle






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






21. Per day






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






23. Interest is paid once a year






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






25. Costs that fluctuate






26. The number you are multipliying by






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






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






29. The length of the loan






30. A number calculated from sample data






31. of one hundred






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






33. Amounts of money you owe






34. you may get a large return or get nothing






35. Number calculated from population data






36. A comparison of two numbers






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






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






39. An item of data the stays the same






40. Part ownership in a company






41. When two ratios are equal






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






43. Time worked beyond the established working hours






44. Things you own






45. Interest calculated on the principal plus any accumulated interest






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






47. Interest is paid twice a year






48. Paid in full






49. The score that falls in the middle






50. The borrower