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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 less than 75% of the purchase price






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






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






4. Preference and common






5. Per day






6. Costs that fluctuate






7. The length of time until the debt is zero






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






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






10. Deciding if its worth the risk






11. Interest is paid once a year






12. The number you are multipliying by






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






14. Interest calculated on the principle






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






16. Security for a loan






17. A contract giving someone the right to use something for a certain length of time






18. Part ownership in a company






19. Share of the profits of a company






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






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






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






23. A number calculated from sample data






24. A percentage discount to customers






25. The first number






26. Non-payment






27. Interest is paid twice a year






28. Interest is paid four times a year






29. Something that is expected to return a profit






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






31. Algebraic - arithmetic






32. Interest is paid 365 times a year






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






34. Per annum - yearly






35. The lender






36. Costs that remain constant






37. Amounts of money you owe






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






39. of one hundred






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






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






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






43. Investing in a well-established company






44. A series of discounts






45. A comparison of two numbers






46. Parts of a whole number






47. A bill






48. Paid in full






49. Number calculated from population data






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