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






3. Share of the profits of a company






4. A bill






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






6. The number you are dividing by






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






8. A number calculated from sample data






9. Parts of a whole number






10. Costs that remain constant






11. An item of data the stays the same






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






13. When two ratios are equal






14. The borrower






15. The depreciation of an asset as an expense






16. The highest number in a group of data






17. Non-payment






18. Something that is expected to return a profit






19. The final figures






20. Amounts of money you owe






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






22. Security for a loan






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






24. Commission fee - inflation rate - capital gains tax






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






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






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






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






29. Interest is paid four times a year






30. The number to be divided by






31. Interest is paid once a year






32. Interest calculated on the principle






33. A percentage discount to customers






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






35. Algebraic - arithmetic






36. Simple and compound






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






38. The unexpected variablility of returns






39. The total of units multiplied by the price






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






41. The owner of the property






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






43. Investing in a well-established company






44. A complete set of individuals - objects or scores being studied






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






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






47. Part ownership in a company






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






49. The number you are multipliying by






50. Paid dividends after the preference shares have been paid