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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 portion of the population being studied






2. Security for a loan






3. Interest is paid twice a year






4. The lender






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






6. The person paying to borrow property for a certain amount of time for payments






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






8. The number you are multipliying by






9. The length of the loan






10. Share of the profits of a company






11. Algebraic - arithmetic






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






13. Amounts of money you owe






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






15. The final figures






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






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






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






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






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






21. Costs that fluctuate






22. Parts of a whole number






23. The first number






24. Non-payment






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






26. Part ownership in a company






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






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






29. The length of time until the debt is zero






30. Interest is paid twelve times a year






31. Number calculated from population data






32. Interest calculated on the principal plus any accumulated interest






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






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






35. Per day






36. Interest calculated on the principle






37. Interest is paid once a year






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






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






40. Paid dividends after the preference shares have been paid






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






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






43. A comparison of two numbers






44. Per annum - yearly






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






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






47. Something that is expected to return a profit






48. The number you are dividing by






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






50. Time worked beyond the established working hours