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






2. Part ownership in a company






3. The length of time until the debt is zero






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






5. Interest is paid once a year






6. When two ratios are equal






7. A number calculated from sample data






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






9. A series of discounts






10. Investing in a well-established company






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






12. Costs that remain constant






13. The interest amount is small - but you are guaranteed to get something






14. The number you are multipliying by






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






16. The first number






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






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






19. Non-payment






20. A percentage discount to customers






21. The owner of the property






22. Simple and compound






23. The score that falls in the middle






24. Interest is paid twice a year






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






26. The number to be divided by






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






28. A comparison of two numbers






29. Interest calculated on the principle






30. The lowest number in a group of data






31. Paid in full






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






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






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






35. The depreciation of an asset as an expense






36. A loan






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






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






39. The length of the loan






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






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






42. Interest is paid twelve times a year






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






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






45. you may get a large return or get nothing






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






47. Paid dividends after the preference shares have been paid






48. The highest number in a group of data






49. of one hundred






50. Things you own