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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. Paid dividends after the preference shares have been paid






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






3. The number to be divided by






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






5. Per annum - yearly






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






7. Time worked beyond the established working hours






8. The borrower






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






10. A percentage discount to customers






11. Interest is paid twelve times a year






12. Deciding if its worth the risk






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






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






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






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






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






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






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






20. When two ratios are equal






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






22. you may get a large return or get nothing






23. Interest is paid four times a year






24. Amounts of money you owe






25. Paid in full






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






27. Security for a loan






28. The first number






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






30. Costs that fluctuate






31. Share of the profits of a company






32. The lowest number in a group of data






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






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






35. Interest is paid twice a year






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






37. Parts of a whole number






38. The depreciation of an asset as an expense






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






40. Preference and common






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






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






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






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






45. Interest calculated on the principle






46. Things you own






47. A comparison of two numbers






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






49. Non-payment






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