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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 lender






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






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






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






5. Paid in full






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






7. The length of time until the debt is zero






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






9. The borrower






10. A loan






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






12. Something that is expected to return a profit






13. Interest is paid twice a year






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






15. Non-payment






16. Interest is paid four times a year






17. The total of units multiplied by the price






18. Interest is paid 365 times a year






19. When two ratios are equal






20. Security for a loan






21. Paid dividends after the preference shares have been paid






22. The difference between the highest and lowest numbers in a set of data






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






24. Investing in a well-established company






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






26. A percentage discount to customers






27. An item of data the stays the same






28. Interest is paid twelve times a year






29. Number calculated from population data






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






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






32. The highest number in a group of data






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






34. The owner of the property






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






36. A comparison of two numbers






37. Parts of a whole number






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






39. Algebraic - arithmetic






40. Commission fee - inflation rate - capital gains tax






41. Share of the profits of a company






42. you may get a large return or get nothing






43. Time worked beyond the established working hours






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






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






46. A bill






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






48. Amounts of money you owe






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






50. Things you own