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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. Interest is paid twice a year






2. Non-payment






3. The length of time until the debt is zero






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






5. Paid in full






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






7. Amounts of money you owe






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






9. The highest number in a group of data






10. Investing in a well-established company






11. Interest is paid 365 times a year






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






13. Number calculated from population data






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






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






16. The lender






17. Things you own






18. The total of units multiplied by the price






19. of one hundred






20. The number to be divided by






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






22. The number you are dividing by






23. A number calculated from sample data






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






25. The number you are multipliying by






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






27. The owner of the property






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






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






30. you may get a large return or get nothing






31. A comparison of two numbers






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






33. The unexpected variablility of returns






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






35. Time worked beyond the established working hours






36. Costs that fluctuate






37. Algebraic - arithmetic






38. Security for a loan






39. Indicators of the confidence investors have in a company (the higher the better)






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






41. The first number






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






43. Deciding if its worth the risk






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






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






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






47. A loan






48. The score that falls in the middle






49. When two ratios are equal






50. Share of the profits of a company