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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. The owner of the property






3. The lowest number in a group of data






4. Number calculated from population data






5. A number calculated from sample data






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






7. The highest number in a group of data






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






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






10. Per annum - yearly






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






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






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






14. The score that falls in the middle






15. The final figures






16. The number you are dividing by






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






18. The length of time until the debt is zero






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






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






21. The majority of the early payments go toward paying the interest on the loan






22. The unexpected variablility of returns






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






24. A percentage discount to customers






25. you may get a large return or get nothing






26. Things you own






27. The length of the loan






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






29. A loan






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






31. Paid dividends after the preference shares have been paid






32. The number you are multipliying by






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






34. Interest calculated on the principle






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






36. Time worked beyond the established working hours






37. Costs that remain constant






38. Interest is paid four times a year






39. Algebraic - arithmetic






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






41. Commission fee - inflation rate - capital gains tax






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






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






44. The depreciation of an asset as an expense






45. The borrower






46. Something that is expected to return a profit






47. Paid in full






48. Investing in a well-established company






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






50. Deciding if its worth the risk