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






2. The owner of the property






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






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






5. real estate (houses - condos - warehouses - factories - etc)






6. The final figures






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






8. Interest calculated on the principal plus any accumulated interest






9. Part ownership in a company






10. When two ratios are equal






11. A comparison of two numbers






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






13. The length of time until the debt is zero






14. Investing in a well-established company






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






16. The unexpected variablility of returns






17. A loan






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






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






20. Interest is paid twelve times a year






21. The highest number in a group of data






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






23. The number you are dividing by






24. An item of data the stays the same






25. The lender






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






27. Commission fee - inflation rate - capital gains tax






28. Simple and compound






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






30. Number calculated from population data






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






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






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






34. A percentage discount to customers






35. Algebraic - arithmetic






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






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






38. Non-payment






39. A portion of the population being studied






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






41. Interest calculated on the principle






42. Parts of a whole number






43. Per annum - yearly






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






45. The depreciation of an asset as an expense






46. Interest is paid twice a year






47. Paid in full






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






49. Share of the profits of a company






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