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






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






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






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






5. Costs that fluctuate






6. Number calculated from population data






7. Investing in a well-established company






8. The owner of the property






9. Amounts of money you owe






10. The first number






11. Interest is paid twice a year






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






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






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






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






16. Algebraic - arithmetic






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






18. Interest calculated on the principal plus any accumulated interest






19. The highest number in a group of data






20. The number you are multipliying by






21. The depreciation of an asset as an expense






22. Costs that remain constant






23. Things you own






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






25. Part ownership in a company






26. The total of units multiplied by the price






27. A number calculated from sample data






28. When two ratios are equal






29. Paid in full






30. of one hundred






31. Something that is expected to return a profit






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






33. The score that falls in the middle






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






35. The length of the loan






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






37. Interest is paid 365 times a year






38. Interest is paid four times a year






39. Paid dividends after the preference shares have been paid






40. The lender






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






42. A series of discounts






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






44. Per day






45. A percentage discount to customers






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






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






48. Per annum - yearly






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






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