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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. Parts of a whole number






2. The total of units multiplied by the price






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






4. An item of data the stays the same






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






6. Costs that fluctuate






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






8. The final figures






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






10. The unexpected variablility of returns






11. Interest is paid twelve times a year






12. A portion of the population being studied






13. Part ownership in a company






14. A number calculated from sample data






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






16. The highest number in a group of data






17. The first number






18. A loan






19. you may get a large return or get nothing






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






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






22. Interest calculated on the principle






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






24. Algebraic - arithmetic






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






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






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






28. Security for a loan






29. The depreciation of an asset as an expense






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






31. The score that falls in the middle






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






33. Things you own






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






35. Deciding if its worth the risk






36. Non-payment






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






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






39. Simple and compound






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






41. Interest is paid twice a year






42. Preference and common






43. of one hundred






44. Interest is paid once a year






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






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






47. Investing in a well-established company






48. Commission fee - inflation rate - capital gains tax






49. A bill






50. A percentage discount to customers