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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 final figures






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






3. Interest is paid twelve times a year






4. Security for a loan






5. Things you own






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






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






8. Interest calculated on the principle






9. The borrower






10. The number you are multipliying by






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






12. Algebraic - arithmetic






13. Commission fee - inflation rate - capital gains tax






14. A series of discounts






15. Paid in full






16. Part ownership in a company






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






18. The owner of the property






19. The total of units multiplied by the price






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






21. Simple and compound






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






23. Interest is paid 365 times a year






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






25. The score that falls in the middle






26. of one hundred






27. Interest is paid once a year






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






29. A percentage discount to customers






30. The first number






31. The lowest number in a group of data






32. The amount of money borrowed is less than 75% of the purchase price






33. The number to be divided by






34. The length of the loan






35. An item of data the stays the same






36. Costs that remain constant






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






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






39. The depreciation of an asset as an expense






40. you may get a large return or get nothing






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






42. When two ratios are equal






43. Share of the profits of a company






44. Paid dividends after the preference shares have been paid






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






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






47. Non-payment






48. A loan






49. Something that is expected to return a profit






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