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






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






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






4. The length of time until the debt is zero






5. The unexpected variablility of returns






6. Paid in full






7. Interest is paid once a year






8. The borrower






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






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






11. The lowest number in a group of data






12. Number calculated from population data






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






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






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






16. The depreciation of an asset as an expense






17. An item of data the stays the same






18. A series of discounts






19. The number you are dividing by






20. A portion of the population being studied






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






22. Costs that remain constant






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






24. The final figures






25. The highest number in a group of data






26. Security for a loan






27. The length of the loan






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






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






30. The first number






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






32. Parts of a whole number






33. A comparison of two numbers






34. Things you own






35. Preference and common






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






37. The number to be divided by






38. Interest calculated on the principal plus any accumulated interest






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






40. Algebraic - arithmetic






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






42. Commission fee - inflation rate - capital gains tax






43. you may get a large return or get nothing






44. Interest calculated on the principle






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






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






47. A number calculated from sample data






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






49. Interest is paid twice a year






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