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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 percentage discount to customers






2. When two ratios are equal






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






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






5. The final figures






6. The score that falls in the middle






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






8. The number you are dividing by






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






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






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






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






13. you may get a large return or get nothing






14. A loan






15. The unexpected variablility of returns






16. Per day






17. Interest is paid twelve times a year






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






19. Interest calculated on the principle






20. The first number






21. Amounts of money you owe






22. Security for a loan






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






24. The owner of the property






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






26. The length of the loan






27. Deciding if its worth the risk






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






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






30. Per annum - yearly






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






32. Costs that fluctuate






33. The lowest number in a group of data






34. A series of discounts






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






36. The total of units multiplied by the price






37. Number calculated from population data






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






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






40. The number you are multipliying by






41. Simple and compound






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






43. The lender






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






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






46. Costs that remain constant






47. The number to be divided by






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






49. The highest number in a group of data






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