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






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






3. Something that is expected to return a profit






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






5. Per day






6. Interest calculated on the principle






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






8. Paid dividends after the preference shares have been paid






9. Time worked beyond the established working hours






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






11. Per annum - yearly






12. Share of the profits of a company






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






14. The depreciation of an asset as an expense






15. A comparison of two numbers






16. Simple and compound






17. Interest is paid four times a year






18. A percentage discount to customers






19. The length of the loan






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






21. The highest number in a group of data






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






23. A series of discounts






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






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






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






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






28. The score that falls in the middle






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






30. The lowest number in a group of data






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






32. Costs that remain constant






33. Investing in a well-established company






34. The lender






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






36. Paid in full






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






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






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






40. A bill






41. Number calculated from population data






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






43. When two ratios are equal






44. The total of units multiplied by the price






45. Things you own






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






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






48. The length of time until the debt is zero






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






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