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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. A loan






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






3. The unexpected variablility of returns






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






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






6. The number to be divided by






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






8. Costs that fluctuate






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






10. A comparison of two numbers






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






12. When two ratios are equal






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






14. The length of the loan






15. Per annum - yearly






16. The lowest number in a group of data






17. An item of data the stays the same






18. Algebraic - arithmetic






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






20. Preference and common






21. The total of units multiplied by the price






22. The borrower






23. The length of time until the debt is zero






24. Things you own






25. The number you are dividing by






26. The final figures






27. Interest calculated on the principal plus any accumulated interest






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






29. The score that falls in the middle






30. Non-payment






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






32. The first number






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






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






35. Interest is paid 365 times a year






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






37. A series of discounts






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






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






40. Interest is paid once a year






41. A bill






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






43. The number you are multipliying by






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






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






46. The owner of the property






47. Indicators of the confidence investors have in a company (the higher the better)






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






49. A number calculated from sample data






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