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






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






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






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






5. Simple and compound






6. Amounts of money you owe






7. The unexpected variablility of returns






8. Things you own






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






10. Preference and common






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






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






13. Interest calculated on the principle






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






15. Number calculated from population data






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






17. The length of the loan






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






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






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






21. Investing in a well-established company






22. The length of time until the debt is zero






23. Paid dividends after the preference shares have been paid






24. A portion of the population being studied






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






26. The lowest number in a group of data






27. The score that falls in the middle






28. When two ratios are equal






29. Algebraic - arithmetic






30. Interest is paid twelve times a year






31. Commission fee - inflation rate - capital gains tax






32. you may get a large return or get nothing






33. Per day






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






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






36. The lender






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






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






39. The first number






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






41. Non-payment






42. Interest calculated on the principal plus any accumulated interest






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






44. The number to be divided by






45. A loan






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






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






48. A comparison of two numbers






49. Interest is paid 365 times a year






50. Paid in full