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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. Interest is paid four times a year






2. Deciding if its worth the risk






3. A portion of the population being studied






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






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






6. Interest is paid twelve times a year






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






8. Per day






9. Amounts of money you owe






10. When two ratios are equal






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






12. Costs that remain constant






13. The unexpected variablility of returns






14. Things you own






15. Algebraic - arithmetic






16. Number calculated from population data






17. Parts of a whole number






18. The highest number in a group of data






19. A series of discounts






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






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






22. Interest is paid 365 times a year






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






24. Paid in full






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






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






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






28. The number you are multipliying by






29. A number calculated from sample data






30. Investing in a well-established company






31. Something that is expected to return a profit






32. A bill






33. Interest calculated on the principle






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






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






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






37. Time worked beyond the established working hours






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






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






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






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






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






43. The depreciation of an asset as an expense






44. Non-payment






45. An item of data the stays the same






46. The score that falls in the middle






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






48. The length of time until the debt is zero






49. Per annum - yearly






50. Preference and common