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






2. The depreciation of an asset as an expense






3. Per day






4. Amounts of money you owe






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






6. The number you are dividing by






7. A loan






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






9. Costs that remain constant






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






11. Something that is expected to return a profit






12. Interest is paid 365 times a year






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






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






15. Simple and compound






16. Time worked beyond the established working hours






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






18. A percentage discount to customers






19. of one hundred






20. Deciding if its worth the risk






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






22. Preference and common






23. Commission fee - inflation rate - capital gains tax






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






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






26. A comparison of two numbers






27. Interest is paid once a year






28. The lowest number in a group of data






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






30. Interest is paid twelve times a year






31. The info collected from a survey and the figures generated through statistical analysis






32. Parts of a whole number






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






34. The score that falls in the middle






35. you may get a large return or get nothing






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






37. A portion of the population being studied






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






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






40. A number calculated from sample data






41. Interest is paid twice a year






42. The length of the loan






43. Costs that fluctuate






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






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






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






47. The final figures






48. Security for a loan






49. The unexpected variablility of returns






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