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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. Number calculated from population data






2. A comparison of two numbers






3. Algebraic - arithmetic






4. The number to be divided by






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






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






7. Something that is expected to return a profit






8. of one hundred






9. The lender






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






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






12. The highest number in a group of data






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






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






15. Things you own






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






17. Preference and common






18. The lowest number in a group of data






19. Security for a loan






20. Paid in full






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






22. Simple and compound






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






24. Costs that remain constant






25. When two ratios are equal






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






27. Interest is paid once a year






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






29. Investing in a well-established company






30. Interest is paid four times a year






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






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






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






34. The length of time until the debt is zero






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






36. Commission fee - inflation rate - capital gains tax






37. A loan






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






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






40. Part ownership in a company






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






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






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






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






45. Non-payment






46. The score that falls in the middle






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






48. A rate that one currency can be exchanged for another






49. Per annum - yearly






50. Deciding if its worth the risk