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






2. Preference and common






3. you may get a large return or get nothing






4. The unexpected variablility of returns






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






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






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






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






9. Simple and compound






10. The final figures






11. Number calculated from population data






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






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






14. Interest is paid 365 times a year






15. Things you own






16. Deciding if its worth the risk






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






18. The lowest number in a group of data






19. Share of the profits of a company






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






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






22. The length of time until the debt is zero






23. A percentage discount to customers






24. Provide a specific dividend that is paid before any dividends are paid to common stock holders






25. Interest is paid twice a year






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






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






28. The lender






29. Security for a loan






30. The number you are dividing by






31. The first number






32. A series of discounts






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






34. The length of the loan






35. Interest calculated on the principal plus any accumulated interest






36. Commission fee - inflation rate - capital gains tax






37. When two ratios are equal






38. An item of data the stays the same






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






40. The borrower






41. Interest is paid once a year






42. Amounts of money you owe






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






44. A number calculated from sample data






45. The total of units multiplied by the price






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






47. A comparison of two numbers






48. The number you are multipliying by






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






50. The highest number in a group of data