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






2. Costs that remain constant






3. Parts of a whole number






4. The owner of the property






5. The amount the property is worth at the end of the lease






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






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






8. Something that is expected to return a profit






9. Security for a loan






10. Interest calculated on the principal plus any accumulated interest






11. you may get a large return or get nothing






12. The number you are multipliying by






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






14. The score that falls in the middle






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






16. Simple and compound






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






18. The lender






19. Share of the profits of a company






20. Investing in a well-established company






21. The depreciation of an asset as an expense






22. Interest is paid twice a year






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






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






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






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






27. Paid in full






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






29. The borrower






30. When two ratios are equal






31. A percentage discount to customers






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






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






34. A number calculated from sample data






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






36. The number to be divided by






37. Non-payment






38. Interest is paid 365 times a year






39. The highest number in a group of data






40. The length of the loan






41. Things you own






42. Preference and common






43. A portion of the population being studied






44. The first number






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






46. Algebraic - arithmetic






47. The number you are dividing by






48. Interest is paid four times a year






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






50. Paid dividends after the preference shares have been paid