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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. A rate that one currency can be exchanged for another






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






4. Simple and compound






5. Interest is paid once a year






6. you may get a large return or get nothing






7. Per day






8. Interest is paid twice a year






9. The lender






10. Algebraic - arithmetic






11. Paid in full






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






13. The borrower






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






15. The owner of the property






16. A comparison of two numbers






17. The number you are multipliying by






18. of one hundred






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






20. Commission fee - inflation rate - capital gains tax






21. A loan






22. The depreciation of an asset as an expense






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






24. Interest is paid four times a year






25. A number calculated from sample data






26. The unexpected variablility of returns






27. Something that is expected to return a profit






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






29. The length of the loan






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






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






32. A complete set of individuals - objects or scores being studied






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






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






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






36. Deciding if its worth the risk






37. Interest calculated on the principle






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






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






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






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






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






43. Per annum - yearly






44. When two ratios are equal






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






46. The difference between the highest and lowest numbers in a set of data






47. The final figures






48. Investing in a well-established company






49. Number calculated from population data






50. A bill