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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. An item of data the stays the same






2. A bill






3. A portion of the population being studied






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






5. The borrower






6. The length of the loan






7. When two ratios are equal






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






9. Per annum - yearly






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






11. Costs that fluctuate






12. Investing in a well-established company






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






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






15. Something that is expected to return a profit






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






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






18. A series of discounts






19. The highest number in a group of data






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






21. Interest calculated on the principal plus any accumulated interest






22. Number calculated from population data






23. The final figures






24. Interest is paid twelve times a year






25. Parts of a whole number






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






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






28. loans to companies or goverments (no voting rights)






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






30. The score that falls in the middle






31. Interest is paid four times a year






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






33. Share of the profits of a company






34. Time worked beyond the established working hours






35. Non-payment






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






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






38. Interest is paid once a year






39. The number you are multipliying by






40. Security for a loan






41. The number to be divided by






42. Paid dividends after the preference shares have been paid






43. Interest is paid 365 times a year






44. Simple and compound






45. Per day






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






47. Interest is paid twice a year






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






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






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