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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. Non-payment






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






3. The total of units multiplied by the price






4. Per annum - yearly






5. The lender






6. Interest is paid four times a year






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






8. Commission fee - inflation rate - capital gains tax






9. A loan






10. Investing in a well-established company






11. Costs that fluctuate






12. Security for a loan






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






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






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






16. of one hundred






17. Interest calculated on the principal plus any accumulated interest






18. Number calculated from population data






19. Part ownership in a company






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






21. The number you are dividing by






22. Paid in full






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






24. Amounts of money you owe






25. The length of time until the debt is zero






26. Things you own






27. Preference and common






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






29. Interest calculated on the principle






30. A comparison of two numbers






31. The length of the loan






32. A series of discounts






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






34. The number to be divided by






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






36. Costs that remain constant






37. Algebraic - arithmetic






38. you may get a large return or get nothing






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






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






41. A bill






42. The unexpected variablility of returns






43. The borrower






44. The highest number in a group of data






45. Parts of a whole number






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






47. When two ratios are equal






48. Something that is expected to return a profit






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






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