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






2. A percentage discount to customers






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






4. The owner of the property






5. The unexpected variablility of returns






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






7. Something that is expected to return a profit






8. Non-payment






9. Share of the profits of a company






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






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






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






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






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






15. Parts of a whole number






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






17. Paid in full






18. Time worked beyond the established working hours






19. The number you are dividing by






20. The borrower






21. Commission fee - inflation rate - capital gains tax






22. Costs that fluctuate






23. Amounts of money you owe






24. When two ratios are equal






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






26. A series of discounts






27. you may get a large return or get nothing






28. Algebraic - arithmetic






29. An item of data that has a different value at different times






30. The length of the loan






31. A portion of the population being studied






32. The lender






33. Per annum - yearly






34. A number calculated from sample data






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






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






37. Deciding if its worth the risk






38. Interest calculated on the principle






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






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






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






42. A comparison of two numbers






43. of one hundred






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






45. The lowest number in a group of data






46. Preference and common






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






48. Interest is paid four times a year






49. Security for a loan






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