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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 rate that one currency can be exchanged for another






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






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






4. A percentage discount to customers






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






6. A comparison of two numbers






7. Something that is expected to return a profit






8. Time worked beyond the established working hours






9. A series of discounts






10. The lowest number in a group of data






11. The unexpected variablility of returns






12. Paid in full






13. A portion of the population being studied






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






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






16. Interest calculated on the principal plus any accumulated interest






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






18. Investing in a well-established company






19. Interest is paid four times a year






20. The first number






21. A bill






22. Part ownership in a company






23. Interest is paid twelve times a year






24. A number calculated from sample data






25. The borrower






26. A loan






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






28. The final figures






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






30. Indicators of the confidence investors have in a company (the higher the better)






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






32. Interest calculated on the principle






33. Amount of money coming in and going out of your business monthly






34. Parts of a whole number






35. Paid dividends after the preference shares have been paid






36. Per day






37. When two ratios are equal






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






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






40. Preference and common






41. Costs that fluctuate






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






43. Deciding if its worth the risk






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






45. The lender






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






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






48. The number to be divided by






49. Security for a loan






50. Simple and compound