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






2. Interest calculated on the principal plus any accumulated interest






3. Costs that fluctuate






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






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






6. The number you are multipliying by






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






8. The lender






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






10. Number calculated from population data






11. A number calculated from sample data






12. Interest is paid once a year






13. Non-payment






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






15. The length of the loan






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






17. When two ratios are equal






18. Parts of a whole number






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






20. The lowest number in a group of data






21. you may get a large return or get nothing






22. A portion of the population being studied






23. The depreciation of an asset as an expense






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






25. A series of discounts






26. Interest calculated on the principle






27. Investing in a well-established company






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






29. A loan






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






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






32. Security for a loan






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






34. The number to be divided by






35. The number you are dividing by






36. Per day






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






38. Time worked beyond the established working hours






39. of one hundred






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






41. Simple and compound






42. The owner of the property






43. Amounts of money you owe






44. Interest is paid 365 times a year






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






46. The final figures






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






48. Something that is expected to return a profit






49. The length of time until the debt is zero






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