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






2. of one hundred






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






4. The borrower






5. The length of the loan






6. Commission fee - inflation rate - capital gains tax






7. Interest is paid twice a year






8. A number calculated from sample data






9. The total of units multiplied by the price






10. you may get a large return or get nothing






11. When two ratios are equal






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






13. The unexpected variablility of returns






14. Share of the profits of a company






15. Costs that remain constant






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






17. Algebraic - arithmetic






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






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






20. The owner of the property






21. An item of data the stays the same






22. (simple average) adding the group of items and dividing by the total number of items






23. Something that is expected to return a profit






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






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






26. The lender






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






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






29. The lowest number in a group of data






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






31. A loan






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






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






34. Parts of a whole number






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






36. Paid dividends after the preference shares have been paid






37. Security for a loan






38. Interest is paid once a year






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






40. Interest calculated on the principle






41. A series of discounts






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






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






44. Interest is paid four times a year






45. Part ownership in a company






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






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






48. The number you are dividing by






49. A portion of the population being studied






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







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Can you answer 50 questions in 15 minutes?


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