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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 borrower






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






3. Interest calculated on the principle






4. When two ratios are equal






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






6. The number you are dividing by






7. The highest number in a group of data






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






9. Share of the profits of a company






10. Interest is paid four times a year






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






12. Algebraic - arithmetic






13. Non-payment






14. Interest is paid once a year






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






16. Number calculated from population data






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






18. The final figures






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






20. A percentage discount to customers






21. Time worked beyond the established working hours






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






23. The number you are multipliying by






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






25. The owner of the property






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






27. Interest is paid twice a year






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






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






30. Costs that fluctuate






31. Costs that remain constant






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






33. A number calculated from sample data






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






35. The first number






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






37. The length of time until the debt is zero






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






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






40. Amounts of money you owe






41. A loan






42. The lowest number in a group of data






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






44. Deciding if its worth the risk






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






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






47. The score that falls in the middle






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






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






50. Interest is paid twelve times a year