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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. Commission fee - inflation rate - capital gains tax






2. Interest calculated on the principal plus any accumulated interest






3. Costs that remain constant






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






5. A percentage discount to customers






6. Interest is paid once a year






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






8. The highest number in a group of data






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






10. A loan






11. Parts of a whole number






12. Interest calculated on the principle






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






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






15. A bill






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






17. Time worked beyond the established working hours






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






19. The depreciation of an asset as an expense






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






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






22. The lowest number in a group of data






23. Simple and compound






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






25. When two ratios are equal






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






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






28. Share of the profits of a company






29. Something that is expected to return a profit






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






31. The score that falls in the middle






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






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






34. Interest is paid twice a year






35. The total of units multiplied by the price






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






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






38. A number calculated from sample data






39. Investing in a well-established company






40. The first number






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






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






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






44. An item of data the stays the same






45. The length of the loan






46. Algebraic - arithmetic






47. Amounts of money you owe






48. The lender






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






50. A series of discounts