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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 bill






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






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






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






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






6. Interest is paid four times a year






7. Costs that fluctuate






8. The total of units multiplied by the price






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






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






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






12. Interest is paid twelve times a year






13. A portion of the population being studied






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






15. Commission fee - inflation rate - capital gains tax






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






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






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






19. The length of the loan






20. Paid in full






21. The length of time until the debt is zero






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






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






24. Interest calculated on the principle






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






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






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






28. A comparison of two numbers






29. Investing in a well-established company






30. Non-payment






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






32. Interest is paid once a year






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






34. Interest calculated on the principal plus any accumulated interest






35. A percentage discount to customers






36. The number you are multipliying by






37. Per day






38. Interest is paid twice a year






39. The depreciation of an asset as an expense






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






41. Interest is paid 365 times a year






42. The first number






43. Part ownership in a company






44. Preference and common






45. Share of the profits of a company






46. Paid dividends after the preference shares have been paid






47. Security for a loan






48. The number to be divided by






49. Amounts of money you owe






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