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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 chart that shows the balance of the mortgage after each amortization period






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






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






4. Share of the profits of a company






5. Costs that remain constant






6. A series of discounts






7. Interest is paid twelve times a year






8. Interest calculated on the principal plus any accumulated interest






9. The final figures






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






11. The length of the loan






12. Algebraic - arithmetic






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






14. The total of units multiplied by the price






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






16. The first number






17. The depreciation of an asset as an expense






18. The number you are dividing by






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






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






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






22. Paid dividends after the preference shares have been paid






23. The lender






24. An item of data the stays the same






25. Non-payment






26. Things you own






27. The lowest number in a group of data






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






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






30. Per day






31. Deciding if its worth the risk






32. Costs that fluctuate






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






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






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






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






37. Time worked beyond the established working hours






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






39. A comparison of two numbers






40. Parts of a whole number






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






42. A portion of the population being studied






43. The owner of the property






44. The highest number in a group of data






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






46. Interest is paid 365 times a year






47. A percentage discount to customers






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






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






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