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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. of one hundred






2. Things you own






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






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






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






6. The length of the loan






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






8. The final figures






9. A series of discounts






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






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






12. Non-payment






13. Interest is paid 365 times a year






14. The number to be divided by






15. The highest number in a group of data






16. Deciding if its worth the risk






17. Interest calculated on the principle






18. Interest is paid twelve times a year






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






20. Interest calculated on the principal plus any accumulated interest






21. The lender






22. The total of units multiplied by the price






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






24. Costs that remain constant






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






26. Investing in a well-established company






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






28. A comparison of two numbers






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






30. A bill






31. Preference and common






32. The length of time until the debt is zero






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






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






35. Share of the profits of a company






36. Paid dividends after the preference shares have been paid






37. A loan






38. Time worked beyond the established working hours






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






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






41. Adding columns of figures horizontally and vertically to check that the totals agree






42. you may get a large return or get nothing






43. Parts of a whole number






44. Simple and compound






45. Per day






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






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






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






49. An item of data the stays the same






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