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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. The borrower






2. Preference and common






3. Per day






4. Security for a loan






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






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






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






8. The length of the loan






9. of one hundred






10. The first number






11. The owner of the property






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






13. Simple and compound






14. Things you own






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






16. Algebraic - arithmetic






17. Commission fee - inflation rate - capital gains tax






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






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






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






21. Interest is paid four times a year






22. An item of data the stays the same






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






24. Investing in a well-established company






25. The unexpected variablility of returns






26. The highest number in a group of data






27. Time worked beyond the established working hours






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






29. The number to be divided by






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






31. A comparison of two numbers






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






33. A number calculated from sample data






34. Non-payment






35. A series of discounts






36. Part ownership in a company






37. Paid in full






38. A loan






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






40. Interest is paid twelve times a year






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






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






43. A percentage discount to customers






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






45. The final figures






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






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






48. Deciding if its worth the risk






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






50. The length of time until the debt is zero