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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. loans to companies or goverments (no voting rights)






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






3. Share of the profits of a company






4. Commission fee - inflation rate - capital gains tax






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






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






7. Per day






8. A number calculated from sample data






9. The total of units multiplied by the price






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






11. When two ratios are equal






12. Number calculated from population data






13. Security for a loan






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






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






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






17. Amounts of money you owe






18. Interest calculated on the principal plus any accumulated interest






19. Interest is paid four times a year






20. Non-payment






21. Preference and common






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






23. The number to be divided by






24. The lender






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






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






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






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






29. The borrower






30. Time worked beyond the established working hours






31. Costs that fluctuate






32. Algebraic - arithmetic






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






34. The lowest number in a group of data






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






36. Costs that remain constant






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






38. Something that is expected to return a profit






39. A bill






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






41. An item of data the stays the same






42. The first number






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






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






45. A series of discounts






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






47. Interest is paid twelve times a year






48. Things you own






49. you may get a large return or get nothing






50. Parts of a whole number