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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 majority of the early payments go toward paying the interest on the loan






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






3. of one hundred






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






5. Interest is paid 365 times a year






6. The price after any down-payment or trade-in






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






8. Number calculated from population data






9. The depreciation of an asset as an expense






10. Interest is paid twice a year






11. Costs that remain constant






12. A percentage discount to customers






13. Interest calculated on the principal plus any accumulated interest






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






15. Per day






16. Interest is paid twelve times a year






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






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






19. you may get a large return or get nothing






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






21. The lowest number in a group of data






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






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






24. Part ownership in a company






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






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






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






28. Paid dividends after the preference shares have been paid






29. Interest is paid four times a year






30. Share of the profits of a company






31. The total of units multiplied by the price






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






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






34. When two ratios are equal






35. Interest calculated on the principle






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






37. Commission fee - inflation rate - capital gains tax






38. The score that falls in the middle






39. Amounts of money you owe






40. A portion of the population being studied






41. A number calculated from sample data






42. Time worked beyond the established working hours






43. Algebraic - arithmetic






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






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






46. A loan






47. Deciding if its worth the risk






48. A comparison of two numbers






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






50. A bill