Complete List of Terms and Definitions for Business Math

Terms Definitions
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net plus deductions gross
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_ means to spread around. Diversification
a number to be divided dividend
The ARM began in the 1980's. T
You must learn to negotiate everything. T
Collectors are typically low paid, high turnover positions. T
Don't get _ to a purchase. married
computers process deposits, withdrawals, etc. Electronic Funds Transfer
You should always pay the collectors first. F
In regards to single stocks, the average investor can expect to earn a 12% average rate of return over his or her lifetime. F
Saving is about contentment and _. C. Emotion
Oil and gold are examples of commodities and futures. T
The only difference between saving and hoarding is attitude. T
a record of money earned cash receipts record
The _ IRA is an after-tax investment that grows tax-free. Roth
Which is not a characteristic of cash: B. New
You should save for college using the _. ESA
Any time you deal with collectors by mail, you should send your letter via certified mail and request a return receipt. T
_ are stock profits that a company distributes. Dividends
Debt is a product that has been aggressively marketed to us since the 1960's. T
Never _ on your retirement plan except in dire emergencies. Borrow
the number below the line of a fraction denominator
A person can sell their home every 2 years and still make a tax-free profit of up to $_ 500,000
_ have no profit margin when selling an item. C. Individuals
Your _ is the way you see the world. paradigm
You should never take out more than a _ year mortgage. 15
A budget will be the same each and every month. F
Your first "Baby Step" is to pay off your debt. F
The average car will lose _% of its value in the first 4 years. 60
Your piece of ownership in stock is called a: B. Share
You always want to take advantage of _-_ dollars. Tax favored
has both a whole number and a fraction mixed number
when both terms of a fraction are divisible by 1 lowest terms
sum of the products divided by the sum of the quantities weighted average
You should roll to a Roth if you will have saved $700,000 by age 65. T
After 4 years, $5,000 will grow to how much if it earns 10% interest? C. $6,655.50
You can _ something of value if you do not have the money in a negotiation. trade
has a top number equal to or greater than the bottom number improper fraction