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






2. Paid in full






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






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






5. Amounts of money you owe






6. The borrower






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






8. Interest is paid once a year






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






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






11. The owner of the property






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






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






14. Commission fee - inflation rate - capital gains tax






15. Deciding if its worth the risk






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






17. Interest is paid 365 times a year






18. Security for a loan






19. The lender






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






21. The score that falls in the middle






22. you may get a large return or get nothing






23. Parts of a whole number






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






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






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






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






28. The lowest number in a group of data






29. Paid dividends after the preference shares have been paid






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






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






32. A loan






33. When two ratios are equal






34. of one hundred






35. Costs that fluctuate






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






37. Investing in a well-established company






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






39. A portion of the population being studied






40. The unexpected variablility of returns






41. An item of data the stays the same






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






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






44. Things you own






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






46. A percentage discount to customers






47. Preference and common






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






49. Algebraic - arithmetic






50. The total of units multiplied by the price






Can you answer 50 questions in 15 minutes?



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