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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 number to be divided by






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






3. The first number






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






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






6. Time worked beyond the established working hours






7. A loan






8. The final figures






9. The depreciation of an asset as an expense






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






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






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






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






14. Security for a loan






15. An item of data the stays the same






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






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






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






19. Algebraic - arithmetic






20. The length of the loan






21. Investing in a well-established company






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






23. Interest is paid four times a year






24. A chart that shows the balance of the mortgage after each amortization period






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






26. The score that falls in the middle






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






28. A bill






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






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






31. The length of time until the debt is zero






32. Per annum - yearly






33. A percentage discount to customers






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






35. Interest calculated on the principal plus any accumulated interest






36. Things you own






37. Something that is expected to return a profit






38. Amounts of money you owe






39. The number you are multipliying by






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






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






42. The total of units multiplied by the price






43. The unexpected variablility of returns






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






45. Parts of a whole number






46. Interest calculated on the principle






47. you may get a large return or get nothing






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






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






50. Interest is paid once a year