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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. Algebraic - arithmetic






2. The depreciation of an asset as an expense






3. The total of units multiplied by the price






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






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






6. The number you are dividing by






7. Something that is expected to return a profit






8. you may get a large return or get nothing






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






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






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






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






13. The highest number in a group of data






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






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






16. The length of the loan






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






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






19. An item of data the stays the same






20. A loan






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






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






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






24. When two ratios are equal






25. of one hundred






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






27. A series of discounts






28. The lowest number in a group of data






29. Interest calculated on the principal plus any accumulated interest






30. The owner of the property






31. Things you own






32. The first number






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






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






35. Costs that remain constant






36. Commission fee - inflation rate - capital gains tax






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






38. Number calculated from population data






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






40. Interest is paid twice a year






41. Preference and common






42. The borrower






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






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






45. Per annum - yearly






46. Interest is paid twelve times a year






47. The final figures






48. The number you are multipliying by






49. Share of the profits of a company






50. A percentage discount to customers