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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 less than 75% of the purchase price






2. Interest is paid four times a year






3. Number calculated from population data






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






5. Part ownership in a company






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






7. Commission fee - inflation rate - capital gains tax






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






9. The score that falls in the middle






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






11. Interest calculated on the principle






12. The number you are dividing by






13. Time worked beyond the established working hours






14. The total of units multiplied by the price






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






16. Interest is paid 365 times a year






17. Interest is paid twelve times a year






18. Investing in a well-established company






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






20. Shows the assets - liabilities and financial position of the company






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






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






23. When two ratios are equal






24. Something that is expected to return a profit






25. The first number






26. Share of the profits of a company






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






28. Paid in full






29. The highest number in a group of data






30. The final figures






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






32. A percentage discount to customers






33. you may get a large return or get nothing






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






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






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






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






38. Costs that remain constant






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






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






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






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






43. Interest is paid once a year






44. Things you own






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






46. The number to be divided by






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






48. The length of the loan






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






50. Per day