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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 most frequently occuring value in a group of data






2. A rate that one currency can be exchanged for another






3. Interest is paid once a year






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






5. Investing in a well-established company






6. Non-payment






7. Interest is paid 365 times a year






8. Interest is paid twice a year






9. A number calculated from sample data






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






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






12. The number to be divided by






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






14. Interest calculated on the principle






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






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






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






18. The final figures






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






20. Interest is paid four times a year






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






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






23. Things you own






24. The length of the loan






25. you may get a large return or get nothing






26. Simple and compound






27. Costs that remain constant






28. The lender






29. Costs that fluctuate






30. Time worked beyond the established working hours






31. The borrower






32. Preference and common






33. When two ratios are equal






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






35. Number calculated from population data






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






37. Paid in full






38. The length of time until the debt is zero






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






40. The first number






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






42. The lowest number in a group of data






43. A percentage discount to customers






44. Amounts of money you owe






45. Share of the profits of a company






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






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






48. Part ownership in a company






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






50. of one hundred