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






2. Interest is paid once a year






3. Commission fee - inflation rate - capital gains tax






4. The highest number in a group of data






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






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






7. Algebraic - arithmetic






8. The total of units multiplied by the price






9. Interest is paid twelve times a year






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






11. When two ratios are equal






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






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






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






15. A percentage discount to customers






16. Non-payment






17. Something that is expected to return a profit






18. Simple and compound






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






20. of one hundred






21. Indicators of the confidence investors have in a company (the higher the better)






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






23. The number you are multipliying by






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






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






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






27. The owner of the property






28. Things you own






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






30. Costs that fluctuate






31. The depreciation of an asset as an expense






32. Investing in a well-established company






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






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






35. Costs that remain constant






36. Per annum - yearly






37. Interest is paid twice a year






38. A series of discounts






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






40. Share of the profits of a company






41. Time worked beyond the established working hours






42. Deciding if its worth the risk






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






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






45. Number calculated from population data






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






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






48. A loan






49. The lowest number in a group of data






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