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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. you may get a large return or get nothing






2. Deciding if its worth the risk






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






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






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






6. The number you are dividing by






7. Per annum - yearly






8. Something that is expected to return a profit






9. The length of time until the debt is zero






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






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






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






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






14. of one hundred






15. Amounts of money you owe






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






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






18. The number to be divided by






19. Paid in full






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






21. Interest is paid once a year






22. Share of the profits of a company






23. The lender






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






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






26. A number calculated from sample data






27. A portion of the population being studied






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






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






30. Interest is paid twelve times a year






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






32. Parts of a whole number






33. Interest is paid four times a year






34. The unexpected variablility of returns






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






36. A loan






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






38. The first number






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






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






41. A comparison of two numbers






42. Investing in a well-established company






43. Commission fee - inflation rate - capital gains tax






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






45. Per day






46. The length of the loan






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






48. Interest is paid 365 times a year






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






50. A percentage discount to customers