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






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






3. A bill






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






5. Number calculated from population data






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






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






8. Things you own






9. Interest is paid twice a year






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






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






12. The highest number in a group of data






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






14. Simple and compound






15. A portion of the population being studied






16. Per day






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






18. Deciding if its worth the risk






19. The total of units multiplied by the price






20. The first number






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






22. Costs that fluctuate






23. A loan






24. A number calculated from sample data






25. Paid dividends after the preference shares have been paid






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






27. The borrower






28. The score that falls in the middle






29. The unexpected variablility of returns






30. Part ownership in a company






31. Interest is paid twelve times a year






32. Amounts of money you owe






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






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






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






36. Commission fee - inflation rate - capital gains tax






37. Paid in full






38. A series of discounts






39. The number you are dividing by






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






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






42. Algebraic - arithmetic






43. The lowest number in a group of data






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






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






46. Preference and common






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






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






49. Adding columns of figures horizontally and vertically to check that the totals agree






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