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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. of one hundred






2. Paid in full






3. you may get a large return or get nothing






4. A portion of the population being studied






5. The depreciation of an asset as an expense






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






7. Interest is paid four times a year






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






9. Time worked beyond the established working hours






10. Costs that fluctuate






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






12. The unexpected variablility of returns






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






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






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






16. Simple and compound






17. An item of data the stays the same






18. Part ownership in a company






19. A percentage discount to customers






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






21. The final figures






22. The length of the loan






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






24. The length of time until the debt is zero






25. Preference and common






26. The lowest number in a group of data






27. Interest is paid 365 times a year






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






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






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






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






32. The total of units multiplied by the price






33. Parts of a whole number






34. The number you are multipliying by






35. The borrower






36. The first number






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






38. The lender






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






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






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






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






43. Interest is paid twelve times a year






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






45. Non-payment






46. Algebraic - arithmetic






47. Interest calculated on the principal plus any accumulated interest






48. A bill






49. A number calculated from sample data






50. Deciding if its worth the risk







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Can you answer 50 questions in 15 minutes?


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