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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. Money earned on an investment or paid on a loan






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






3. Costs that fluctuate






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






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






6. The first number






7. Parts of a whole number






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






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






10. The number you are multipliying by






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






12. Interest is paid twice a year






13. The owner of the property






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






15. Preference and common






16. Non-payment






17. Things you own






18. Costs that remain constant






19. More than one frequently occuring value in a group of data






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






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






22. Share of the profits of a company






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






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






25. Per day






26. Commission fee - inflation rate - capital gains tax






27. The score that falls in the middle






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






29. When two ratios are equal






30. The number to be divided by






31. The length of time until the debt is zero






32. The number you are dividing by






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






34. Algebraic - arithmetic






35. A number calculated from sample data






36. A comparison of two numbers






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






38. The highest number in a group of data






39. Time worked beyond the established working hours






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






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






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






43. Paid dividends after the preference shares have been paid






44. The unexpected variablility of returns






45. loans to companies or goverments (no voting rights)






46. The lender






47. Interest calculated on the principle






48. A series of discounts






49. Security for a loan






50. A percentage discount to customers