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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. The score that falls in the middle






3. Interest is paid twelve times a year






4. The unexpected variablility of returns






5. A loan






6. Paid dividends after the preference shares have been paid






7. The number to be divided by






8. Interest is paid four times a year






9. The length of the loan






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






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






12. Interest calculated on the principle






13. A number calculated from sample data






14. Number calculated from population data






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






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






17. When two ratios are equal






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






19. More than one frequently occuring value in a group of data






20. An item of data the stays the same






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






22. A percentage discount to customers






23. Time worked beyond the established working hours






24. Deciding if its worth the risk






25. Something that is expected to return a profit






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






27. Simple and compound






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






29. The depreciation of an asset as an expense






30. Per day






31. Paid in full






32. The final figures






33. A portion of the population being studied






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






35. of one hundred






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






37. Costs that fluctuate






38. Preference and common






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






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






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






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






43. Non-payment






44. The lowest number in a group of data






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






46. The lender






47. Algebraic - arithmetic






48. Things you own






49. Interest is paid once a year






50. The length of time until the debt is zero