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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. Paid in full






2. Costs that remain constant






3. you may get a large return or get nothing






4. Per annum - yearly






5. The number you are dividing by






6. Costs that fluctuate






7. Number calculated from population data






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






9. The lender






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






11. Something that is expected to return a profit






12. The number you are multipliying by






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






14. of one hundred






15. Interest is paid 365 times a year






16. Investing in a well-established company






17. Interest is paid twelve times a year






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






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






20. A bill






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






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






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






24. The final figures






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






26. Interest is paid twice a year






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






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






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






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






31. The borrower






32. Security for a loan






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






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






35. Non-payment






36. The highest number in a group of data






37. Simple and compound






38. A portion of the population being studied






39. Interest calculated on the principal plus any accumulated interest






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






41. Deciding if its worth the risk






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






43. A percentage discount to customers






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






45. Paid dividends after the preference shares have been paid






46. The length of time until the debt is zero






47. Amounts of money you owe






48. A number calculated from sample data






49. Algebraic - arithmetic






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






Can you answer 50 questions in 15 minutes?



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