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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 length of the loan






2. Paid in full






3. The total of units multiplied by the price






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






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






6. The number to be divided by






7. The number you are multipliying by






8. Provide a specific dividend that is paid before any dividends are paid to common stock holders






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






10. Amounts of money you owe






11. Interest calculated on the principle






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






13. you may get a large return or get nothing






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






15. An item of data the stays the same






16. The highest number in a group of data






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






18. The number you are dividing by






19. Interest calculated on the principal plus any accumulated interest






20. The lowest number in a group of data






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






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






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






24. Things you own






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






26. Per day






27. The depreciation of an asset as an expense






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






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






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






31. When two ratios are equal






32. Costs that remain constant






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






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






35. Part ownership in a company






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






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






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






39. The unexpected variablility of returns






40. Investing in a well-established company






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






42. Interest is paid twelve times a year






43. A series of discounts






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






45. Parts of a whole number






46. Costs that fluctuate






47. The lender






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






49. Simple and compound






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