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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. Simple and compound






3. Per annum - yearly






4. Interest is paid twelve times a year






5. Interest is paid once a year






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






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






8. A bill






9. A loan






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






11. Interest calculated on the principal plus any accumulated interest






12. of one hundred






13. Security for a loan






14. A comparison of two numbers






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






16. Time worked beyond the established working hours






17. Deciding if its worth the risk






18. A series of discounts






19. The depreciation of an asset as an expense






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






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






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






23. Things you own






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






25. Commission fee - inflation rate - capital gains tax






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






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






28. Algebraic - arithmetic






29. Parts of a whole number






30. Preference and common






31. Part ownership in a company






32. The final figures






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






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






35. The number you are dividing by






36. you may get a large return or get nothing






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






38. An item of data the stays the same






39. When two ratios are equal






40. A number calculated from sample data






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






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






43. Interest is paid four times a year






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






45. A portion of the population being studied






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






47. The lender






48. Something that is expected to return a profit






49. The lowest number in a group of data






50. Paid in full