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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. Algebraic - arithmetic






2. The length of time until the debt is zero






3. The number to be divided by






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






5. you may get a large return or get nothing






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






7. Costs that remain constant






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






9. A loan






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






11. The lender






12. Interest calculated on the principle






13. Per day






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






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






16. Interest is paid twelve times a year






17. Interest is paid 365 times a year






18. Commission fee - inflation rate - capital gains tax






19. Interest is paid once a year






20. Number calculated from population data






21. Preference and common






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






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






24. Investing in a well-established company






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






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






27. Things you own






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






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






30. The number you are multipliying by






31. The total of units multiplied by the price






32. Time worked beyond the established working hours






33. Interest calculated on the principal plus any accumulated interest






34. The final figures






35. The lowest number in a group of data






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






37. The borrower






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






39. The length of the loan






40. of one hundred






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






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






43. Costs that fluctuate






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






45. Part ownership in a company






46. Paid dividends after the preference shares have been paid






47. Deciding if its worth the risk






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






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






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