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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 highest number in a group of data






2. Number calculated from population data






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






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






5. Interest is paid 365 times a year






6. Interest is paid twelve times a year






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






8. Interest is paid once a year






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






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






11. A number calculated from sample data






12. A percentage discount to customers






13. The unexpected variablility of returns






14. Time worked beyond the established working hours






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






16. Parts of a whole number






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






18. of one hundred






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






20. Things you own






21. Costs that remain constant






22. A loan






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






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






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






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






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






28. The score that falls in the middle






29. The number to be divided by






30. The length of time until the debt is zero






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






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






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






34. The length of the loan






35. Paid dividends after the preference shares have been paid






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






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






38. A bill






39. The number you are multipliying by






40. The lender






41. Interest is paid four times a year






42. Amounts of money you owe






43. The number you are dividing by






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






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






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






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






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






49. When two ratios are equal






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