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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 depreciation of an asset as an expense






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






3. A comparison of two numbers






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






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






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






7. The owner of the property






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






9. Investing in a well-established company






10. The borrower






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






12. The number you are dividing by






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






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






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






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






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






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






19. of one hundred






20. Parts of a whole number






21. Interest calculated on the principle






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






23. The score that falls in the middle






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






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






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






27. Number calculated from population data






28. Something that is expected to return a profit






29. Security for a loan






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






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






32. Share of the profits of a company






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






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






35. Per annum - yearly






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






37. Interest is paid twelve times a year






38. The number you are multipliying by






39. Things you own






40. Non-payment






41. A percentage discount to customers






42. The length of the loan






43. The number to be divided by






44. A bill






45. The lowest number in a group of data






46. The first number






47. Interest is paid twice a year






48. Amounts of money you owe






49. Time worked beyond the established working hours






50. A series of discounts