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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 twelve times a year






3. An item of data the stays the same






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






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






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






7. Interest is paid four times a year






8. The borrower






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






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






11. A percentage discount to customers






12. Paid dividends after the preference shares have been paid






13. The lowest number in a group of data






14. The number to be divided by






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






16. Costs that fluctuate






17. Simple and compound






18. The highest number in a group of data






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






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






21. The lender






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






23. Share of the profits of a company






24. Interest is paid once a year






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






26. Investing in a well-established company






27. The amount the property is worth at the end of the lease






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






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






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






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






32. Algebraic - arithmetic






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






34. A bill






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






36. Interest calculated on the principal plus any accumulated interest






37. Non-payment






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






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






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






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






42. The unexpected variablility of returns






43. A percentage discount for buyers associated with the products being sold






44. Interest calculated on the principle






45. Something that is expected to return a profit






46. The length of time until the debt is zero






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






48. The total of units multiplied by the price






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






50. Costs that remain constant