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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. Number calculated from population data






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






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






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






6. Costs that remain constant






7. Per annum - yearly






8. Costs that fluctuate






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






10. you may get a large return or get nothing






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






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






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






14. A number calculated from sample data






15. Investing in a well-established company






16. A loan






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






18. The lender






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






20. Simple and compound






21. Deciding if its worth the risk






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






23. Interest is paid 365 times a year






24. Security for a loan






25. Non-payment






26. Interest is paid once a year






27. The number you are dividing by






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






29. Interest is paid twice a year






30. Interest is paid twelve times a year






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






32. The unexpected variablility of returns






33. The total of units multiplied by the price






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






35. The length of the loan






36. Commission fee - inflation rate - capital gains tax






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






38. Time worked beyond the established working hours






39. Share of the profits of a company






40. Part ownership in a company






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






42. A series of discounts






43. Paid dividends after the preference shares have been paid






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






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






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






47. The highest number in a group of data






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






49. An item of data the stays the same






50. A percentage discount to customers