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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. A loan






2. Amounts of money you owe






3. A number calculated from sample data






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






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






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






7. The unexpected variablility of returns






8. Interest is paid four times a year






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






10. Deciding if its worth the risk






11. Non-payment






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






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






14. Preference and common






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






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






17. The total of units multiplied by the price






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






19. The number to be divided by






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






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






22. The depreciation of an asset as an expense






23. The highest number in a group of data






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






25. The number you are multipliying by






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






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






28. Costs that remain constant






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






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






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






32. Paid dividends after the preference shares have been paid






33. The lender






34. Time worked beyond the established working hours






35. Commission fee - inflation rate - capital gains tax






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






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






38. Interest calculated on the principle






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






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






41. Part ownership in a company






42. Simple and compound






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






44. The final figures






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






46. Interest is paid 365 times a year






47. Number calculated from population data






48. Share of the profits of a company






49. When two ratios are equal






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