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






2. The lender






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






4. The unexpected variablility of returns






5. you may get a large return or get nothing






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






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






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






9. A bill






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






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






12. of one hundred






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






14. The total of units multiplied by the price






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






16. Paid in full






17. A percentage discount to customers






18. Number calculated from population data






19. Amounts of money you owe






20. The length of time until the debt is zero






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






22. A comparison of two numbers






23. Non-payment






24. The number to be divided by






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






26. Part ownership in a company






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






28. Deciding if its worth the risk






29. Interest is paid twelve times a year






30. The score that falls in the middle






31. Preference and common






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






33. Interest is paid once a year






34. A series of discounts






35. An item of data the stays the same






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






37. Interest is paid twice a year






38. Simple and compound






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






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






41. Something that is expected to return a profit






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






43. The lowest number in a group of data






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






45. The depreciation of an asset as an expense






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






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






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






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






50. A loan