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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. Paid in full






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






3. Costs that remain constant






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






5. The first number






6. A rate that one currency can be exchanged for another






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






8. you may get a large return or get nothing






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






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






11. Security for a loan






12. Costs that fluctuate






13. Preference and common






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






15. The number to be divided by






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






17. Per annum - yearly






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






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






20. Amounts of money you owe






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






22. Part ownership in a company






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






24. A loan






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






26. The info collected from a survey and the figures generated through statistical analysis






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






28. The length of the loan






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






30. A percentage discount to customers






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






32. Interest is paid four times a year






33. Parts of a whole number






34. A bill






35. Interest is paid twice a year






36. An item of data the stays the same






37. The number you are multipliying by






38. The unexpected variablility of returns






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






40. The total of units multiplied by the price






41. A series of discounts






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






43. When two ratios are equal






44. The highest number in a group of data






45. The number you are dividing by






46. Something that is expected to return a profit






47. Things you own






48. of one hundred






49. Simple and compound






50. Interest is paid once a year