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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. Part ownership in a company






2. The first number






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






4. The lowest number in a group of data






5. Interest calculated on the principle






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






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






8. A series of discounts






9. The length of the loan






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






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






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






13. Parts of a whole number






14. Interest is paid 365 times a year






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






16. The lender






17. The number you are dividing by






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






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






20. Interest is paid twelve times a year






21. Things you own






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






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






24. Per day






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






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






27. Investing in a well-established company






28. The depreciation of an asset as an expense






29. The owner of the property






30. A loan






31. Share of the profits of a company






32. Commission fee - inflation rate - capital gains tax






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






34. Costs that fluctuate






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






36. Algebraic - arithmetic






37. Interest is paid twice a year






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






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






40. Interest is paid once a year






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






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






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






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






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






46. The length of time until the debt is zero






47. Security for a loan






48. Something that is expected to return a profit






49. A percentage discount to customers






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