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






2. The length of the loan






3. Interest is paid once a year






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






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






6. A bill






7. Interest calculated on the principal plus any accumulated interest






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






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






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






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






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






13. Things you own






14. The lowest number in a group of data






15. The first number






16. The unexpected variablility of returns






17. Interest is paid four times a year






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






19. Something that is expected to return a profit






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






21. Interest is paid twice a year






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






23. Interest is paid twelve times a year






24. Preference and common






25. Amount of money coming in and going out of your business monthly






26. Per annum - yearly






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






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






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






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






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






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






33. Share of the profits of a company






34. An item of data the stays the same






35. Commission fee - inflation rate - capital gains tax






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






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






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






39. of one hundred






40. The depreciation of an asset as an expense






41. The number to be divided by






42. Deciding if its worth the risk






43. A series of discounts






44. Amounts of money you owe






45. A comparison of two numbers






46. A percentage discount to customers






47. When two ratios are equal






48. The owner of the property






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






50. The length of time until the debt is zero