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






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






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






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






5. Deciding if its worth the risk






6. A comparison of two numbers






7. The first number






8. Interest is paid 365 times a year






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






10. The number you are multipliying by






11. The unexpected variablility of returns






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






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






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






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






16. The number you are dividing by






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






18. An item of data the stays the same






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






20. Number calculated from population data






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






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






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






24. Share of the profits of a company






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






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






27. The highest number in a group of data






28. The number to be divided by






29. Interest is paid twelve times a year






30. A percentage discount to customers






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






32. The borrower






33. The owner of the property






34. A portion of the population being studied






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






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






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






38. A loan






39. The length of the loan






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






41. of one hundred






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






43. Commission fee - inflation rate - capital gains tax






44. Paid in full






45. Algebraic - arithmetic






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






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






48. The final figures






49. Non-payment






50. you may get a large return or get nothing