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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. of one hundred






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






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






4. Things you own






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






6. Part ownership in a company






7. Number calculated from population data






8. you may get a large return or get nothing






9. The number to be divided by






10. The first number






11. When two ratios are equal






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






13. Paid dividends after the preference shares have been paid






14. Time worked beyond the established working hours






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






16. Interest is paid twelve times a year






17. Commission fee - inflation rate - capital gains tax






18. Paid in full






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






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






21. The lender






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






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






24. The length of time until the debt is zero






25. A comparison of two numbers






26. A number calculated from sample data






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






28. Algebraic - arithmetic






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






30. The highest number in a group of data






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






32. Parts of a whole number






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






34. The final figures






35. The unexpected variablility of returns






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






37. Preference and common






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






39. A portion of the population being studied






40. The score that falls in the middle






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






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






43. A bill






44. The depreciation of an asset as an expense






45. Deciding if its worth the risk






46. The number you are multipliying by






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






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






49. The lowest number in a group of data






50. A series of discounts