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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. Costs that fluctuate






2. When two ratios are equal






3. The first number






4. The number you are dividing by






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






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






7. Commission fee - inflation rate - capital gains tax






8. Number calculated from population data






9. Interest is paid once a year






10. Simple and compound






11. The lowest number in a group of data






12. The unexpected variablility of returns






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






14. Costs that remain constant






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






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






17. Amounts of money you owe






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






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






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






21. you may get a large return or get nothing






22. The total of units multiplied by the price






23. A percentage discount to customers






24. Security for a loan






25. The length of the loan






26. The lender






27. A bill






28. Part ownership in a company






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






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






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






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






33. The number to be divided by






34. The highest number in a group of data






35. The length of time until the debt is zero






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






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






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






39. Interest calculated on the principle






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






41. Shows the money coming in and expenses for a certain period of time.






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






43. The borrower






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






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






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






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






48. Things you own






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






50. Non-payment