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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. Non-payment






2. The highest number in a group of data






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






4. The number you are multipliying by






5. A bill






6. The score that falls in the middle






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






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






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






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






11. A portion of the population being studied






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






13. The depreciation of an asset as an expense






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






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






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






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






18. A series of discounts






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






20. Algebraic - arithmetic






21. The unexpected variablility of returns






22. Simple and compound






23. Part ownership in a company






24. A percentage discount to customers






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






26. The final figures






27. Interest is paid four times a year






28. An item of data the stays the same






29. Something that is expected to return a profit






30. Security for a loan






31. Share of the profits of a company






32. The length of time until the debt is zero






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






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






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






36. The first number






37. Interest calculated on the principal plus any accumulated interest






38. Time worked beyond the established working hours






39. The length of the loan






40. The lender






41. Costs that fluctuate






42. Interest is paid twelve times a year






43. Interest is paid once a year






44. A loan






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






46. The number you are dividing by






47. Per day






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






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






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