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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. Money earned on an investment or paid on a loan






2. Part ownership in a company






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






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






5. A bill






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






7. The borrower






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






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






10. Deciding if its worth the risk






11. The score that falls in the middle






12. Costs that fluctuate






13. Share of the profits of a company






14. Interest calculated on the principle






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






16. Per annum - yearly






17. A loan






18. Interest is paid twelve times a year






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






20. The number you are multipliying by






21. Things you own






22. The unexpected variablility of returns






23. The depreciation of an asset as an expense






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






25. A portion of the population being studied






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






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






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






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






30. Interest is paid four times a year






31. Commission fee - inflation rate - capital gains tax






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






33. The length of time until the debt is zero






34. Something that is expected to return a profit






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






36. The final figures






37. The owner of the property






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






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






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






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






42. The first number






43. The number to be divided by






44. Algebraic - arithmetic






45. Costs that remain constant






46. Interest is paid once a year






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






48. Parts of a whole number






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






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