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






2. A portion of the population being studied






3. Something that is expected to return a profit






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






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






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






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






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






9. Interest calculated on the principal plus any accumulated interest






10. Costs that fluctuate






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






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






13. The unexpected variablility of returns






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






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






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






17. The length of time until the debt is zero






18. Per annum - yearly






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






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






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






22. The score that falls in the middle






23. The number you are multipliying by






24. Investing in a well-established company






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






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






27. The owner of the property






28. Preference and common






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






30. Commission fee - inflation rate - capital gains tax






31. Deciding if its worth the risk






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






33. The number to be divided by






34. An item of data the stays the same






35. The depreciation of an asset as an expense






36. The length of the loan






37. Non-payment






38. A bill






39. Costs that remain constant






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






41. Time worked beyond the established working hours






42. Part ownership in a company






43. Interest calculated on the principle






44. Paid in full






45. Security for a loan






46. Number calculated from population data






47. of one hundred






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






49. When two ratios are equal






50. The final figures