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






2. Interest is paid once a year






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






4. Costs that fluctuate






5. Interest is paid 365 times a year






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






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






8. Security for a loan






9. you may get a large return or get nothing






10. The total of units multiplied by the price






11. Commission fee - inflation rate - capital gains tax






12. The borrower






13. Amounts of money you owe






14. The number to be divided by






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






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






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






18. Algebraic - arithmetic






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






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






21. When two ratios are equal






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






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






24. Interest calculated on the principle






25. A series of discounts






26. Per annum - yearly






27. Things you own






28. Number calculated from population data






29. The final figures






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






31. Interest is paid twice a year






32. An item of data the stays the same






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






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






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






36. Investing in a well-established company






37. The first number






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






39. A comparison of two numbers






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






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






42. The lowest number in a group of data






43. The most frequently occuring value in a group of data






44. Part ownership in a company






45. Deciding if its worth the risk






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






47. Costs that remain constant






48. Time worked beyond the established working hours






49. The highest number in a group of data






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