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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. Costs that remain constant






2. The depreciation of an asset as an expense






3. The total of units multiplied by the price






4. Time worked beyond the established working hours






5. The number you are multipliying by






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






7. Interest calculated on the principle






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






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






10. Interest is paid four times a year






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






12. The highest number in a group of data






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






14. A percentage discount to customers






15. When two ratios are equal






16. Paid in full






17. Per annum - yearly






18. A series of discounts






19. Share of the profits of a company






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






21. The number to be divided by






22. The owner of the property






23. Amounts of money you owe






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






25. Non-payment






26. A comparison of two numbers






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






28. The borrower






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






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






31. Interest is paid twelve times a year






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






33. Something that is expected to return a profit






34. The score that falls in the middle






35. The lender






36. Interest is paid twice a year






37. Interest is paid 365 times a year






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






39. Security for a loan






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






41. A bill






42. Things you own






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






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






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






46. Commission fee - inflation rate - capital gains tax






47. Investing in a well-established company






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






49. A number calculated from sample data






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