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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 calculated on the principal plus any accumulated interest






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






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






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






5. The owner of the property






6. A portion of the population being studied






7. The length of time until the debt is zero






8. Things you own






9. Share of the profits of a company






10. Non-payment






11. Commission fee - inflation rate - capital gains tax






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






13. The score that falls in the middle






14. Simple and compound






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






16. Algebraic - arithmetic






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






18. The first number






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






20. Per day






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






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






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






24. The total of units multiplied by the price






25. Deciding if its worth the risk






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






27. you may get a large return or get nothing






28. The length of the loan






29. Interest is paid twice a year






30. A number calculated from sample data






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






32. A percentage discount to customers






33. An item of data the stays the same






34. Costs that fluctuate






35. The number you are multipliying by






36. The borrower






37. A bill






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






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






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






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






42. Preference and common






43. A comparison of two numbers






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






45. The lender






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






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






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






49. A loan






50. Parts of a whole number