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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. Share of the profits of a company






2. A bill






3. Something that is expected to return a profit






4. Preference and common






5. Things you own






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






7. Costs that fluctuate






8. The owner of the property






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






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






11. Non-payment






12. The highest number in a group of data






13. Algebraic - arithmetic






14. Interest is paid twelve times a year






15. A comparison of two numbers






16. The borrower






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






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






19. A series of discounts






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






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






22. Costs that remain constant






23. Simple and compound






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






25. Interest is paid 365 times a year






26. The score that falls in the middle






27. The lender






28. When two ratios are equal






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






30. The lowest number in a group of data






31. Paid in full






32. The length of time until the debt is zero






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






34. Interest calculated on the principle






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






36. Commission fee - inflation rate - capital gains tax






37. Amounts of money you owe






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






39. Part ownership in a company






40. Number calculated from population data






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






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






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






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






45. Per annum - yearly






46. Time worked beyond the established working hours






47. Interest is paid once a year






48. A loan






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






50. The number to be divided by