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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 first number






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






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






4. of one hundred






5. Time worked beyond the established working hours






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






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






8. When two ratios are equal






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






10. A portion of the population being studied






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






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






13. A comparison of two numbers






14. The unexpected variablility of returns






15. Interest is paid four times a year






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






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






18. Costs that remain constant






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






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






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






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






23. The borrower






24. Preference and common






25. Number calculated from population data






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






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






28. Something that is expected to return a profit






29. The lowest number in a group of data






30. Per annum - yearly






31. Interest is paid 365 times a year






32. A bill






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






34. The length of the loan






35. Interest calculated on the principle






36. Things you own






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






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






39. Security for a loan






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






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






42. you may get a large return or get nothing






43. The depreciation of an asset as an expense






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






45. The total of units multiplied by the price






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






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






48. The score that falls in the middle






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






50. Costs that fluctuate