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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. electronic - portable (pocket) - computer - spreadsheets






2. A bill






3. Algebraic - arithmetic






4. Interest is paid twice a year






5. The borrower






6. The length of time until the debt is zero






7. Costs that remain constant






8. Interest is paid once a year






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






10. Investing in a well-established company






11. Per day






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






13. Security for a loan






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






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






16. A series of discounts






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






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






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






20. Per annum - yearly






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






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






23. A percentage discount to customers






24. The first number






25. Interest calculated on the principle






26. you may get a large return or get nothing






27. The owner of the property






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






29. Share of the profits of a company






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






31. Deciding if its worth the risk






32. Paid dividends after the preference shares have been paid






33. The lender






34. The number to be divided by






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






36. The total of units multiplied by the price






37. Paid in full






38. The lowest number in a group of data






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






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






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






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






43. A portion of the population being studied






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






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






46. Amounts of money you owe






47. Things you own






48. Parts of a whole number






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






50. An item of data the stays the same







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Can you answer 50 questions in 15 minutes?


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