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






2. A bill






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






4. Deciding if its worth the risk






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






6. The depreciation of an asset as an expense






7. Costs that fluctuate






8. A loan






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






10. The number to be divided by






11. The owner of the property






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






13. Algebraic - arithmetic






14. The first number






15. you may get a large return or get nothing






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






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






18. Interest is paid once a year






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






20. Paid in full






21. Part ownership in a company






22. Interest is paid four times a year






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






24. Investing in a well-established company






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






26. The number you are multipliying by






27. The total of units multiplied by the price






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






29. The length of the loan






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






31. Amounts of money you owe






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






33. The length of time until the debt is zero






34. Per day






35. Share of the profits of a company






36. Preference and common






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






38. Security for a loan






39. The score that falls in the middle






40. Simple and compound






41. The borrower






42. Interest is paid 365 times a year






43. Interest calculated on the principal plus any accumulated interest






44. The highest number in a group of data






45. The lowest number in a group of data






46. A portion of the population being studied






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






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






49. Interest calculated on the principle






50. Per annum - yearly