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






2. Interest is paid once a year






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






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






5. Paid dividends after the preference shares have been paid






6. Interest calculated on the principal plus any accumulated interest






7. A number calculated from sample data






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






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






10. Interest is paid four times a year






11. Indicators of the confidence investors have in a company (the higher the better)






12. The borrower






13. An item of data the stays the same






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






15. The final figures






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






17. A bill






18. Interest is paid 365 times a year






19. A portion of the population being studied






20. Preference and common






21. The number you are dividing by






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






23. The number you are multipliying by






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






25. Interest is paid twice a year






26. Per annum - yearly






27. Share of the profits of a company






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






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






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






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






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






33. The depreciation of an asset as an expense






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






35. Time worked beyond the established working hours






36. The owner of the property






37. The highest number in a group of data






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






39. Amounts of money you owe






40. The lender






41. Security for a loan






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






43. Simple and compound






44. The length of the loan






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






46. Part ownership in a company






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






48. Paid in full






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






50. Deciding if its worth the risk