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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 borrower






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






3. A loan






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






5. Algebraic - arithmetic






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






7. Paid in full






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






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






10. Amounts of money you owe






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






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






13. Interest calculated on the principle






14. A comparison of two numbers






15. Time worked beyond the established working hours






16. The length of the loan






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






18. Share of the profits of a company






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






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






21. The lowest number in a group of data






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






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






24. Interest is paid once a year






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






26. Number calculated from population data






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






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






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






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






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






32. Interest calculated on the principal plus any accumulated interest






33. The final figures






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






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






36. Per annum - yearly






37. A portion of the population being studied






38. of one hundred






39. Interest is paid twelve times a year






40. Investing in a well-established company






41. The highest number in a group of data






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






43. Interest is paid four times a year






44. The depreciation of an asset as an expense






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






46. Security for a loan






47. Part ownership in a company






48. Preference and common






49. Deciding if its worth the risk






50. The owner of the property