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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. When two ratios are equal






2. A loan






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






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






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






6. Preference and common






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






8. A comparison of two numbers






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






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






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






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






13. Simple and compound






14. A portion of the population being studied






15. The final figures






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






17. Interest is paid 365 times a year






18. Per annum - yearly






19. The length of time until the debt is zero






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






21. Paid dividends after the preference shares have been paid






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






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






24. Interest is paid twelve times a year






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






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






27. Interest calculated on the principle






28. A percentage discount to customers






29. of one hundred






30. The lowest number in a group of data






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






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






33. Costs that fluctuate






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






35. A bill






36. Interest is paid four times a year






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






38. Amounts of money you owe






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






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






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






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






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






44. Deciding if its worth the risk






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






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






47. A number calculated from sample data






48. An item of data the stays the same






49. The length of the loan






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