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






2. A percentage discount to customers






3. Number calculated from population data






4. Interest is paid 365 times a year






5. The number you are dividing by






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






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






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






9. The length of the loan






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






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






12. A portion of the population being studied






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






14. Interest calculated on the principle






15. The lowest number in a group of data






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






17. A series of discounts






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






19. Parts of a whole number






20. of one hundred






21. The depreciation of an asset as an expense






22. Non-payment






23. The final figures






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






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






26. Per day






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






28. Amounts of money you owe






29. Algebraic - arithmetic






30. Something that is expected to return a profit






31. A number calculated from sample data






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






33. When two ratios are equal






34. The total of units multiplied by the price






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






36. The owner of the property






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






38. Paid in full






39. Interest is paid four times a year






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






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






42. The person paying to borrow property for a certain amount of time for payments






43. Interest is paid twice a year






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






45. Investing in a well-established company






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






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






48. The number to be divided by






49. The length of time until the debt is zero






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