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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 highest number in a group of data






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






3. A loan






4. A portion of the population being studied






5. Security for a loan






6. Interest calculated on the principal plus any accumulated interest






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






8. Number calculated from population data






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






10. The lender






11. Non-payment






12. When two ratios are equal






13. Investing in a well-established company






14. Interest is paid four times a year






15. Costs that remain constant






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






17. Something that is expected to return a profit






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






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






20. of one hundred






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






22. A comparison of two numbers






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






24. Share of the profits of a company






25. Amounts of money you owe






26. The number you are dividing by






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






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






29. The first number






30. The number you are multipliying by






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






32. The length of time until the debt is zero






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






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






35. Time worked beyond the established working hours






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






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






38. Provide a specific dividend that is paid before any dividends are paid to common stock holders






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






40. The final figures






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






42. The score that falls in the middle






43. The length of the loan






44. Part ownership in a company






45. The borrower






46. The unexpected variablility of returns






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






48. The lowest number in a group of data






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






50. Parts of a whole number







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Can you answer 50 questions in 15 minutes?


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