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






2. A series of discounts






3. Interest is paid 365 times a year






4. Costs that remain constant






5. The highest number in a group of data






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






7. The borrower






8. Security for a loan






9. Interest calculated on the principle






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






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






12. The number to be divided by






13. An item of data the stays the same






14. Non-payment






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






16. Something that is expected to return a profit






17. When two ratios are equal






18. A comparison of two numbers






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






20. Algebraic - arithmetic






21. Parts of a whole number






22. The unexpected variablility of returns






23. A bill






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






25. The number you are multipliying by






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






27. Simple and compound






28. The length of the loan






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






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






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






32. Paid dividends after the preference shares have been paid






33. The lowest number in a group of data






34. Costs that fluctuate






35. A percentage discount to customers






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






37. The owner of the property






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






39. Interest calculated on the principal plus any accumulated interest






40. of one hundred






41. The final figures






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






43. The first number






44. Paid in full






45. Commission fee - inflation rate - capital gains tax






46. Time worked beyond the established working hours






47. The lender






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






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






50. Number calculated from population data