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DSST Business Math Vocab 2

  • Answer 50 questions in 15 minutes.
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  • 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. of one hundred

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

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

4. Things you own

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

6. Part ownership in a company

7. Number calculated from population data

8. you may get a large return or get nothing

9. The number to be divided by

10. The first number

11. When two ratios are equal

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

13. Paid dividends after the preference shares have been paid

14. Time worked beyond the established working hours

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

16. Interest is paid twelve times a year

17. Commission fee - inflation rate - capital gains tax

18. Paid in full

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

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

21. The lender

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

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

24. The length of time until the debt is zero

25. A comparison of two numbers

26. A number calculated from sample data

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

28. Algebraic - arithmetic

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

30. The highest number in a group of data

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

32. Parts of a whole number

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

34. The final figures

35. The unexpected variablility of returns

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

37. Preference and common

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

39. A portion of the population being studied

40. The score that falls in the middle

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

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

43. A bill

44. The depreciation of an asset as an expense

45. Deciding if its worth the risk

46. The number you are multipliying by

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

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

49. The lowest number in a group of data

50. A series of discounts